Dalvin deposits dollar sign, $510 every quarter into an account earning an annual interest rate of 6.2% compounded quarterly. How much would he have in the account after 12 years, to the nearest dollar? Use the following formula to determine your answer.
Dalvin deposits dollar sign, $510 every quarter into an account earning an annual interest rate of 6.2% compounded quarterly. How much would he have in the account after 12 years, to the nearest dollar? Use the following formula to determine your answer.
Chapter9: Sequences, Probability And Counting Theory
Section: Chapter Questions
Problem 29RE: Alejandro deposits $80 of his monthly earnings into an annuity that earns 6.25% annual interest,...
Question
Dalvin deposits dollar sign, $510 every quarter into an account earning an annual interest rate of 6.2% compounded quarterly. How much would he have in the account after 12 years, to the nearest dollar? Use the following formula to determine your answer.
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