SOLUTION: Write a compound interest function to model the situation : $12,000 invested at a rate of 6% compounded quarterly ; show all work please, thank you.

SOLUTION: Write a compound interest function to model the situation : $12,000 invested at a rate of 6% compounded quarterly ; show all work please, thank you.

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Question 875962: Write a compound interest function to model the situation : $12,000 invested at a rate of 6% compounded quarterly ;
show all work please, thank you.
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
FV=12000(1+0.06/4)^4t
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