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Gsuarez4271:
earl has deposited $798 in a savings account that earns interest at a rate of 3.1% compounded quarterly. what will the account balance be in 21 years ?
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darkknight:
\[A=P(1+r/n)^y \] I couldn't put nt together so replace y with nt. So t is time, P is the amount you begin with. R is interest rate. N is the rate at which it is compounded (in this case quarterly).
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