What principal will amount to $ 3500 if invested at 4% interest compounded quarterly for 5 years? Answer should be in six (6 ) significant figures, NO comma, NO space between characters. ANSWER: SBlank

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.57TI: What is the total effect on the economy of a government tax rebate of $1,000 to each household in...
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What principal will amount to $ 3500 if invested at 4% interest compounded
quarterly for 5 years? Answer should be in six (6 ) significant figures, NO comma, NO space between characters. ANSWER: SBlank 1
Blank 1
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Transcribed Image Text:What principal will amount to $ 3500 if invested at 4% interest compounded quarterly for 5 years? Answer should be in six (6 ) significant figures, NO comma, NO space between characters. ANSWER: SBlank 1 Blank 1 Add your answer
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