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Home » How Evan James Springsteen Shocked Fans Around the World—His Must-See Revelation! - Appcentric

How Evan James Springsteen Shocked Fans Around the World—His Must-See Revelation! - Appcentric

📅 February 27, 2026 👤 scraface

Feb 27, 2026

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📌 A company offers a 10% annual interest rate compounded quarterly on a savings account. If an initial investment of $1,000 is made, what will be the balance after 3 years?

📌 \(A = P \left(1 + \frac{r}{n}\right)^{nt}\)

📌 Where \(P = 1000\), \(r = 0.10\), \(n = 4\) (quarterly), and \(t = 3\).

📌 \(A = 1000 \left(1 + \frac{0.10}{4}\right)^{4 \times 3}\)

📌 \(A = 1000 \left(1.025\right)^{12}\)

📌 \(A = 1000 \times 1.34489 \approx 1344.89\)

📌 The balance after 3 years will be approximately $1344.89.

📌 #### 1344.89

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