How much would you have in a bank account at the end of 9 years if $9,390 is invested at 3% compounded quarterly?
we have 4*9 = 36 quarterly
so : the 3% of $9,390 is 9390 * 0,03 = 281,7
so : 281,7 * 36 = 10141,2
so : 9390 + 10141,2 = 19531,2
so : you have in a bank account after the 9 years $19531,2
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