Asked by Lyris
Larry invested $27,000 in a savings account that pays an annual interest rate of 1.8%. The savings account is set to compound quarterly . How much is in Larry’s account after 5 years?
What is the initial value?
What is the rate?
How many times a year is the money compounded?
How much is in his account after five year?
What is the initial value?
What is the rate?
How many times a year is the money compounded?
How much is in his account after five year?
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