Find the amount of money (Future Value) in an account where $1,300 is deposited (Present Value) at an interest rate of 4% per year compounded quarterly (4 times per year) and the money is left in the account for 9 years. The final amount is $ Round your answer to 2 decimal places

Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter2: Working With Real Numbers
Section2.3: Rules For Addition
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Find the amount of money (Future Value) in an account where $1,300 is deposited (Present Value) at
an interest rate of 4% per year compounded quarterly (4 times per year) and the money is left in the
account for 9 years.
The final amount is $
Round your answer to 2 decimal places
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Transcribed Image Text:Find the amount of money (Future Value) in an account where $1,300 is deposited (Present Value) at an interest rate of 4% per year compounded quarterly (4 times per year) and the money is left in the account for 9 years. The final amount is $ Round your answer to 2 decimal places > Next Question MacBook Pro G Search or type URL % esc Jock 1 A 2 N L option W S # 3 E X D H $ 4 D command R сл оро 5 C F < 10 T 6 G V & 7 Y ☆ H B 8
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