SOLUTION: Find the total amount of money accumulated for an initial investment 1,150 at 8% compounded quarterly after 9 years.

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Question 863327: Find the total amount of money accumulated for an initial investment 1,150 at 8% compounded quarterly after 9 years.
Answer by ewatrrr(24785)   (Show Source): You can put this solution on YOUR website!

Hi
In General
A = Accumulated Amount
P= principal = $1150
r= annual rate = .08
n= periods per year = 4
t= years = 9

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