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A savings account is opened with a $3,000 deposit. If the account earns 6.5% interest, compounded quarterly, and no other deposits or withdrawals are made, find the balance after 15 years.

Trigonometry (11th Edition)

11th Edition

ISBN:9780134217437

Author:Margaret L. Lial, John Hornsby, David I. Schneider, Callie Daniels

Publisher:Margaret L. Lial, John Hornsby, David I. Schneider, Callie Daniels

Chapter1: Trigonometric Functions

Section: Chapter Questions

Problem 1RE: 1. Give the measures of the complement and the supplement of an angle measuring 35°.

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Question

A savings account is opened with a $3,000 deposit. If the
account earns 6.5% interest, compounded quarterly, and no
other deposits or withdrawals are made, find the balance after
15 years.

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