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Mathematics 16 Online
OpenStudy (anonymous):

You deposit $1,000 for 4 years at an interest rate of 2%. If the interest is compounded quarterly, how much money would you have after the four years?

OpenStudy (anonymous):

\[1000\times \left(1+\frac{.02}{4}\right)^{2\times 4}\] and a calculator

OpenStudy (anonymous):

I was checking my ans. I got $1083.10 the I also compounded with annual int and got $1082.40

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