Description
A bank features a savings account that has an annual
A bank features a savings account that has an annual percentage rate of r = 4.3% with interest compounded quarterly. Tom deposits $8,000 into the account.
(A) What values should be used for P, r, and n?
P =____ ?, r =____ ?, n =____ ?
(B) How much money will Tom have in the account in 77 years?
Answer = $_____?
Round answer to the nearest penny.
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A bank features a savings account that has an annual
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