Mathematics, 23.04.2021 21:40 priscillaan
The Parkers are saving up to go on a family vacation in 2 years. They invest $ 2500 into an account with an annual interest rate of 1.24% compounded
quarterly.
Answer the questions below. Do not round any intermediate computations, and round your final answers to the nearest cent. If necessary, refer to the
list of financial formulas.
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5
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(a) Assuming no withdrawals are made, how much money is in the Parkers'
account after 2 years?
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(b) How much interest is earned on the Parkers' investment after 2 years?
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Answers: 1
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The Parkers are saving up to go on a family vacation in 2 years. They invest $ 2500 into an account...
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