A bank features a savings account that has an annual percentage rate of r quarterly....
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Basic Math
A bank features a savings account that has an annual percentage rate of r quarterly. Manuel deposits $5,000 into the account. (A) What values should be used for a, r, and k? (B) How much money will Manuel have in the account in 8 years? (C) What is the annual percentage yield (APY) for the savings account?
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