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Posted on Sep 21, 2024

you deposited $ 1 3 , 0 0 0 in an account that pays 1 . 5 1 % interest compounded quarterly A . find

you deposited $

13, 000

in an account that pays

1.51 %

interest compounded quarterly A

.

find the future value after

1

year B

.

use the future value formula for simple interest to determine the effective annual yeild

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