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OpenStudy (anonymous):
Perry deposited $8,250 into a savings account 13 years ago. The account has an interest rate of 4.7% and the balance is currently $14,988.59. How often does the interest compound? daily monthly quarterly annually
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OpenStudy (madhatter):
well it could be annually
OpenStudy (anonymous):
what makes you say that?
OpenStudy (madhatter):
well if u divide insted of timesing then it will show it being annual
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