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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?
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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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