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OpenStudy (anonymous):
You deposit $6,700 in a money-market account that pays an annual interest rate of 3.3%. The interest is compounded quarterly. How much money will you have after 4 years?
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OpenStudy (anonymous):
\[f = d \times (1+r/100)^{t}\] f is the final amount, d is deposit, r is interest rate, t is time
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