If you invest $2200 in an account, what is the balance in the account after 6 years if the money earn 3% quarterly? Please write your answer to the nearest cents, or 2 decimal places. For example: $312.25

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 62SE: Rachael deposits $1500 into a retirement fund each year. The fund earns 8.2% annual interest,...
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If you invest $2200 in an account, what is the balance in the account after 6 years if the money earn 3% quarterly? Please write your answer to the nearest cents, or 2 decimal places. For example: $312.25

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