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You invest $5000 in an account at an annual rate of 1.475% with interest compounding quarterly. Find out how much is in the account (to
You invest $5000 in an account at an annual rate of 1.475% with interest compounding quarterly. Find out how much is in the account (to the nearest cent) after 3 years by using the compound interest formula =p(1+(r)/(n))^(nt), where A is the total amount in the account in dollars, P is the principal (amount invested), r is the annual interest rate, n is the number of times compounded per year and t is the time in years. SHOW ALL WORK!!
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