Find the compound amount for the following deposit.$13,000 at 7% compounded quarterly for 9 years.CThe compound amount after 9 years will be $(Round to the nearest cent.)

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Answered: Find the compound amount for the…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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Find the compound amount for the following deposit. $13,000 at 7% compounded quarterly for 9 years.