Brandon's savings account has a balance of $4069. After 4 years what will the amount of interest be at 5% compounded quarterly?

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section: Chapter Questions
Problem 29RE: Alejandro deposits $80 of his monthly earnings into an annuity that earns 6.25% annual interest,...
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Brandon's savings account has a balance of $4069. After 4 years what will the amount of interest be at 5% compounded quarterly? 
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