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thepharao1 thepharao1
  • 17-12-2016
  • Mathematics
Answered

Emma put $35,000 in an education

account on the day her daughter was born. If the account earned 5.85% interest

compounded quarterly, what was the total

in the account when her daughter turned

18? Round the final answer to the nearest

cent.

Verified Answer :

MathisLif3
MathisLif3 MathisLif3
  • 17-12-2016

A = ( 1 +r/n)^nth
or something, use .0585

Answer Link

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