Section 3.2 (23) You $1000 deposit in an account at the Lifelong Trust Savings and Loan that pays 6% interest compounded quarterly. By how much will your deposit have grown after 4 years?

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter8: Sequences, Series,and Probability
Section8.3: Geometric Sequences And Series
Problem 8ECP: An investor deposits $70 on the first day of each month in an account that pays 2 interest,...
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Section 3.2 (23)

You $1000 deposit in an account at the Lifelong Trust Savings and Loan that pays 6% interest compounded quarterly. By how much will your deposit have grown after 4 years?

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