A bank offers an investment account with an annual interest rate of 1.52% compounded quarterly....
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Algebra
A bank offers an investment account with an annual interest rate of 1.52% compounded quarterly. Laura invests $3500 into the account for 5 years.Answer the questions below. Do not round any intermediate computations, and round your final answers to the nearest cent. If necessary, refer to thelist of financial formulas.(a) Assuming no withdrawals are made, how much money is in Laura's accountafter 5 years?$0How much interest is earned on Laura's investment after 5 years?(b)S?
A bank offers an investment account with an annual interest rate of 1.52% compounded quarterly. Laura invests $3500 into the account for 5 years.Answer the questions below. Do not round any intermediate computations, and round your final answers to the nearest cent. If necessary, refer to thelist of financial formulas.(a) Assuming no withdrawals are made, how much money is in Laura's accountafter 5 years?$0How much interest is earned on Laura's investment after 5 years?(b)S?
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