Perform the indicated operations. If $2500 is invested at 2.1% interest, compounded quarterly, the amount in the

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Perform the indicated operations.

If $2500 is invested at 2.1% interest, compounded quarterly, the amount in the account after 6 years is 2500(1 + 0.021/4)²⁴. Round the answer to the nearest penny.

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Basic Technical Mathematics

ISBN: 9780137529896

12th Edition

Authors: Allyn J. Washington, Richard Evans

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Question Posted: Mar 13, 2023 06:50 AM

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Perform the indicated operations. If $2500 is invested at 2.1% interest, compounded quarterly, the amount in the

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Using the given formula we can calculate the amount in the acco...View the full answer

Basic Technical Mathematics

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