QUESTION 2.4
Compound Interest
Chaz has an account with $9, 200.00. He transferred this amoun...
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Mathematics, 16.07.2021 05:00 ilovewaffles70
QUESTION 2.4
Compound Interest
Chaz has an account with $9, 200.00. He transferred this amount into an account paying 4.9% annual
interest compounded quarterly. How much money will be in the account after 5 years? (also called future
value)
Round to the nearest cent if necessary.
Choose one. 4 points
$11,970.00
O
$11, 737.00
O
$11, 736.00
O
$11, 736.63
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