A deposit of $6000 is made in an account that earns 6% interest compounded quarterly. The balance
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A deposit of $6000 is made in an account that earns 6% interest compounded quarterly. The balance in the account after n quarters is given by the sequence
Find the balance in the account after five years. Round to the nearest cent.
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an = 6000 1 + 0.06 4 n n = 1, 2, 3, ....
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