Find the final amount of money in an account if $8, 400 Is deposited at 5.5 % Interest compounded quarterly (every 3 months) and the money Is left for 9 years. The final amount is $ Round answver to 2 decimal places Calculator > Next Question

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter8: Sequences, Series, And Probability
Section8.4: Geometric Sequences And Series
Problem 7SC
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Find the final amount of money in an account if $8, 400 Is deposited at 5.5 % Interest compounded
quarterly (every 3 months) and the money is left for 9 years.
The final amount is $
Round answver to 2 decimal places
Calculator
> Next Question
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Transcribed Image Text:Find the final amount of money in an account if $8, 400 Is deposited at 5.5 % Interest compounded quarterly (every 3 months) and the money is left for 9 years. The final amount is $ Round answver to 2 decimal places Calculator > Next Question HD
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