SOLUTION: Find the amount that results from the investment. Use the formula A=Pert or A=P(1+r/n)nt.
$480 invested at 10% compounded quarterly after a period of 8 years
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Question 548388: Find the amount that results from the investment. Use the formula A=Pert or A=P(1+r/n)nt.
$480 invested at 10% compounded quarterly after a period of 8 years
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
A=480(1+0.10/4)^4*8
A=480(1.025)^32
A=480*2.2
A=$1056.00
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