Rowan invests $600 into an account with a 2.9% interest rate that is compounded quarterly. How much money will she have in this account if she keeps it for 5 years? Round your answer to the nearest dollar.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section7.7: Writing Exponential Functions
Problem 8CYU
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Rowan invests $600 into an account with a 2.9% interest rate that is compounded quarterly.
How much money will she have in this account if she keeps it for 5 years?
Round your answer to the nearest dollar.
Transcribed Image Text:Rowan invests $600 into an account with a 2.9% interest rate that is compounded quarterly. How much money will she have in this account if she keeps it for 5 years? Round your answer to the nearest dollar.
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