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13-11-2021
Mathematics

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Find the ending balance if $500 was deposited at 5% annual interest compounded quarterly for 3 years.

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13-11-2021

Answer:

$575 ,

Step-by-step explanation:

5% of $500 is only $25

multiply that by 3YRS due to annual interest it would amount too

an addition $75 dollars so the answer is $575

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