Question
Leona opens a savings account with an initial deposit of $250. She then deposits $250 into that savings account at the end of every
Leona opens a savings account with an initial deposit of $250. She then deposits $250 into that savings account at the end of every subsequent quarter. This savings account pays an annual interest rate of 3.24% and is compounded quarterly. How much does Leona have in her account at the end of 3 years? B(t)=P. ((1+)-1) (A) Round your answer to the nearest penny. Input the dollar sign followed by the number. Do not put a space between the dollar sign and the number. Do not use a comma. Example: $3752.36
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Finite Mathematics and Its Applications
Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel, Steven Hair
12th edition
978-0134768588, 9780134437767, 134768582, 134437764, 978-0134768632
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