Business
AlphaSophy634
2017-08-16 00:41:00
Pete Rool made deposits of $6,000 at the end of each quarter to Rote Bank, which pays 8% interest compounded quarterly. After 3 years, Pete made no more deposits. What would be the balance in the account 2 years later, from the last deposit?
ANSWERS
lizziee
2017-08-16 02:09:45

prt                   i=prt p=$6000         i=6000x8%x3yr r=8%               i=1440x2=2880 t=3yr              

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