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OpenStudy (jojo12g):
Skylar plans to use $3400 to open a savings account with an annual interest rate of 1.15%. How much more interest will he earn over 13 years if he chooses a compound interest account that compounds interest quarterly instead annually? Round your answer to the nearest cent. interest compounded annually: A = P (1 + r)t interest compounded quarterly: A = P (1 +fraction numerator r over denominator 4 end fraction)4t $
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