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Other Fields Homework Help Business Topic started by: bigexternal on Jan 13, 2017



Title: You deposited ($1,000) in a savings account that pays 8 percent interest, compounded quarterly, ...
Post by: bigexternal on Jan 13, 2017
You deposited ($1,000) in a savings account that pays 8 percent interest, compounded quarterly, planning to use it to finish your last year in college. Eighteen months later, you decide to go to the Roshy Mountains to become a ski instructor rather than continue in school, so you close out your account. How much money will you receive? (Round to the nearest whole dollar)
A) $1,171   
B) $1,126   
C) $1,082   
D) $1,163   
E) $1,008


Title: Re: You deposited ($1,000) in a savings account that pays 8 percent interest, compounded quarterly, ...
Post by: Blimp on Jan 18, 2017
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Title: Re: You deposited ($1,000) in a savings account that pays 8 percent interest, compounded quarterly, ...
Post by: bigexternal on Mar 22, 2017
Firstly, thank you for responding
Secondly, ur right!