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LarissaKirakosyan LarissaKirakosyan
  • 19-05-2015
  • Mathematics
Answered

Suppose you invest $250 in an account that pays 2.4% compounded quarterly. After 30 months, how much is in your account?

Verified Answer :

Panoyin
Panoyin Panoyin
  • 19-05-2015

I = Prt
I = (250)(0.024)(2.5)
I = 15
$250 + $15
$265

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