Answered: Patrick deposited $3200 at 8% interest…

Patrick deposited $3200 at 8% interest compounded quarterly. Find the amount in his account at the end of 3 years. Round answer to nearest cent.

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter4: Time Value Of Money

Section: Chapter Questions

Problem 10PROB

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Patrick deposited $3200 at 8% interest compounded quarterly. Find the amount in his account at the end of 3 years. Round answer to nearest cent.

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