Find the final amount of money in an account if $4, 900 is deposited at 6 % interest compounded quarterly (every 3 months) and the money is left for 5 years. The final amount is $ Round 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 final amount of money in an account if $4, 900 is deposited at 6 % interest compounded
quarterly (every 3 months) and the money is left for 5 years.
The final amount is $
Round answer to 2 decimal places
es
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Transcribed Image Text:Find the final amount of money in an account if $4, 900 is deposited at 6 % interest compounded quarterly (every 3 months) and the money is left for 5 years. The final amount is $ Round answer to 2 decimal places es Question Help: Message instructor Submit Question MacBook Air F5 F7 $ 4 23 & 6. 7 9 E R Y U P F G H K C V N command command • ** V * ∞ B
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