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07-11-2018
Mathematics

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lilah deposited $315 into her savings account that is compounded quarterly at an annual rate of 6% how much money will lilah have in her account after 7 years if she makes no additional deposits

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Aliwohaish12 Aliwohaish12

07-11-2018

A=p(1+r/n)^tn

A future value ?

P present value 315

R interest rate 0.06

N compounded quarterly 4

T time 7 years

A=315×(1+0.06÷4)^(4×7)

A=477.92

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