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heatherlambert2
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Paul deposited $6,460 into a savings account 17 years ago. The account has an interest rate of 4.3% and the balance is currently $13,400.91. How often does the interest compound? daily? monthly?quarterly? or annually?
 one year ago
 one year ago
heatherlambert2 Group Title
Paul deposited $6,460 into a savings account 17 years ago. The account has an interest rate of 4.3% and the balance is currently $13,400.91. How often does the interest compound? daily? monthly?quarterly? or annually?
 one year ago
 one year ago

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sammy90210 Group TitleBest ResponseYou've already chosen the best response.0
ask mr.brown!
 one year ago

EncyclopediaKid Group TitleBest ResponseYou've already chosen the best response.0
annually
 one year ago

xartaan Group TitleBest ResponseYou've already chosen the best response.0
Your book or teacher probably gave you the formula they want you to use for interest. A good way to tackle this would be, set up the equation using the information you've been given, that is, P,the principal (starting) ammount, and the current amount A, and the interest rate, r=.043. The only variable left is t, time, solving for t is all that you'll need to do.
 one year ago
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