An initial investment of $480 earns interest for 7 years in an account that earns 13% interest, compounded quarterly. Find the amount of money in the account at the end of the 7 year period. A) $1138.34 B) $1129.25 C) $1175.34 D) $695.340 a) b) Od)

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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An initial investment of $480 earns interest for 7 years in an account that earns 13% interest,
compounded quarterly. Find the amount of money in the account at the end of the 7 year period.
D) $695.340
A) $1138.34
B) $1129.25
C) $1175.34
a)
b)
C)
d)
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Transcribed Image Text:An initial investment of $480 earns interest for 7 years in an account that earns 13% interest, compounded quarterly. Find the amount of money in the account at the end of the 7 year period. D) $695.340 A) $1138.34 B) $1129.25 C) $1175.34 a) b) C) d) MacBook Air 888 DII DD F3 F4 F7 F8 F9 F10 F11 1 & 4 5 R F G H. C B 24 36 command Σ 00 %23 ల 9
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