Chuck opens a money market account, and deposits ($ 8,500.00) in the account. It bears (1.83 %)

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Chuck opens a money market account, and deposits $\$ 8,500.00$ in the account. It bears $1.83 \%$ interest compounded quarterly. If he leaves makes no other transactions on the account, how much will be in the account after 3 years?

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Contemporary Mathematics

ISBN: 9781711470559

1st Edition

Authors: OpenStax

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Question Posted: May 30, 2024 09:05 AM

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Chuck opens a money market account, and deposits ($ 8,500.00) in the account. It bears (1.83 %)

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Contemporary Mathematics

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