Question 4 If Trey opens an account with $7,500 and plans on depositing $1,500 every year-end, how much will he have accumulated at the end of 7 years if the rate the bank gives is 5% APR with...

Please do fast ASAP fastQuestion 4<br>If Trey opens an account with $7,500 and plans on<br>depositing $1,500 every year-end, how much will<br>he have accumulated at the end of 7 years if the rate<br>the bank gives is 5% APR with quarterly<br>compounding?<br>$49,481<br>$25,800<br>3 $22,686<br>4 $27,806<br>

Extracted text: Question 4 If Trey opens an account with $7,500 and plans on depositing $1,500 every year-end, how much will he have accumulated at the end of 7 years if the rate the bank gives is 5% APR with quarterly compounding? $49,481 $25,800 3 $22,686 4 $27,806

Jun 09, 2022
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