Nancy deposits $2500 into an investing account that pays 6.1% annual interest compounded quarterly. What will be the balance after 10 years? Round to the nearest cent.

michael scott & dwight schrute

step-by-step explanation:

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step-by-step explanation:

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step by step solution :

step   1   :

1.1     4 = 22

(4)3 = (22)3 = 26

equation at the end of step   1   :

  ((23) • 26)2

step   2   :

equation at the end of step   2   :

  (23 • 26)2

step   3   :

final result :

  218

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