Calculate the compound interest of the following situation: $43,800 at 4.8% for 2 years
$48105.72
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heart
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fairy
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rocket
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lifesaver
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10
Compounded weekly means how many times per year?
52
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15
What does n stand for?
# of times compounded annually
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gift
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10
Compounded quarterly means how many times per year?
4
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20
Drake puts $300 into an account to use for school expenses. The account earns 4% interest, compounded monthly. How much money will he have after 3 years?
$338.18
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20
Clayton opened a savings account and deposited $200.00. The account earns 11% interest, compounded quarterly. If he wants to use the money to buy a new bicycle in 3 years, how much will he be able to spend on the bike?
$276.96
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20
Tanvi opened a savings account and deposited $600.00 as principal. The account earns 12% interest, compounded annually. What is the balance after 5 years?
$1057.41
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20
Calculate the compound interest of the following situation: $34,100 at 3% annually for 3 years
$37261.99
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20
Julian and Lisa deposit $4,557.00 into a savings account which earns 3.8% interest compounded quarterly. They want to use the money in the account to go on a trip in 2 years. How much will they be able to spend?
$4915.07
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25
Todd puts $8,258.00 into an account to use for school expenses. The account earns 14.55% interest, compounded quarterly. How much will be in the account after 10 years?
$34478.79
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shark
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fairy
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baam
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eraser
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star
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fairy
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banana
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20
Marvin puts $500.00 into an account to use for school expenses. The account earns 1% interest, compounded annually. How much will be in the account after 6 years?
$530.76
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20
Find the total amount in the account to the nearest cent if the interest is compounded annually. $2750 at 8% for 2 years.