nd the final amount of money in an account if $4, 200 is deposited at 5 % interest compounded quarterly very 3 months) and the money is left for 5 years. The final amount is $ Round answer to 2 decimal places Add Work 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 $4, 200 is deposited at 5 % interest compounded quarterly
(every 3 months) and the money is left for 5 years.
The final amount is $
Round answer to 2 decimal places
Add Work
> Next Question
OD
Transcribed Image Text:Find the final amount of money in an account if $4, 200 is deposited at 5 % interest compounded quarterly (every 3 months) and the money is left for 5 years. The final amount is $ Round answer to 2 decimal places Add Work > Next Question OD
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