the yearly 2. How much will be in an account after 10 years if it is compounded 4 times per year, interest rate is 3%, and the principal is $100? (hint: use a calculator)

Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter11: Exponential And Logarithmic Functions
Section11.2: Applications Of Exponential Functions
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2. How much will be in an account after 10 years if it is compounded 4 times per year, the yearly
interest rate is 3%, and the principal is $100? (hint: use a calculator)
Transcribed Image Text:2. How much will be in an account after 10 years if it is compounded 4 times per year, the yearly interest rate is 3%, and the principal is $100? (hint: use a calculator)
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