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Mathematics 9 Online
OpenStudy (anonymous):

You invest an initial $100 in an account that has an annual interest rate of 3%, compounded quarterly. How much money will you have in the account after 20 years? Round your answer to the nearest whole number. A. $182 B. $190 C. $200 D. $210

OpenStudy (luigi0210):

Use this: A=P(1+r/n)^(nt)

OpenStudy (anonymous):

p= 100 r= 3 t=20 Right ?

OpenStudy (luigi0210):

r: 0.03 n:4

OpenStudy (anonymous):

i got A

OpenStudy (luigi0210):

Good job :D

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