Kim Baker invested $250 at the end of every 3-month period, for 5 years, at 8% interest compounded quarterly. a. How much is Kim's investment worth after 5 years? b. If Kim would have invested the...

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Kim Baker invested $250 at the end of every 3-month period, for 5 years, at 8% interest<br>compounded quarterly.<br>a. How much is Kim's investment worth after 5 years?<br>b. If Kim would have invested the money at the beginning of each 3-month period,<br>rather than at the end, how much would be in the account?<br>

Extracted text: Kim Baker invested $250 at the end of every 3-month period, for 5 years, at 8% interest compounded quarterly. a. How much is Kim's investment worth after 5 years? b. If Kim would have invested the money at the beginning of each 3-month period, rather than at the end, how much would be in the account?

Jun 04, 2022

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Kim Baker invested $250 at the end of every 3-month period, for 5 years, at 8% interest compounded quarterly. a. How much is Kim's investment worth after 5 years? b. If Kim would have invested the...

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