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10-12-2020
Mathematics

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Robin invests $1500 at 4.85% compounded quarterly, Write an equation to represent the amount of money he will have in n years. How much money will Robin have in 12 years?

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ihatemyson10 ihatemyson10

10-12-2020

Answer:

A=1500(1+ .0485/4)^4(12)

Step-by-step explanation:

The .0485/4 Is a fraction representing the 4.85% compounded quarterly, and the ^4(12) is the power of 4 multiplied by 12 (# of years).

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