SOLUTION: find the amount that results from the investment of 12000 invested at 5% compounded quarterly after a period of 4 years
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Question 546724: find the amount that results from the investment of 12000 invested at 5% compounded quarterly after a period of 4 years
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
A=12000(1+0.05/4)^4*4
A=12000(1.0125)^16
A=12000*1.22
A=$14,640.00
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