SOLUTION: Find the compound amount on deposit at the end of one year if 20,000.00 is deposited at 4% compounded quarterly.
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Question 1046837: Find the compound amount on deposit at the end of one year if 20,000.00 is deposited at 4% compounded quarterly.
Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!
In General
A = Accumulated Amount
P= principal = 20,000
r= annual rate = .04
n= periods per year = 4
t= years = 1
Use Your calculator
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