Patti deposits 500 into an account that pays 12 interest


Question - At the end of each quarter, Patti deposits $500 into an account that pays 12% interest compounded quarterly. How much will Patti have in the account in three years?

$7,096

$7,213

$7,129

$8,880

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Accounting Basics: Patti deposits 500 into an account that pays 12 interest
Reference No:- TGS02624348

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