Cruz Haynes
02/18/2023 · Junior High School
\( \$ 2000 \) are invested in a bank account at an interest rate of 9 percent per year. Find the amount in the bank after 10 years if interest is compounded annually. 4734.72 Find the amount in the bank after 10 years if interest is compounded quarterly. .
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The amount in the bank after 10 years with quarterly compounding is approximately $4904.40.
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