SOLUTION: $450 is invested at 8% compounded quarterly for six years. What is the amount at the end of six years?

SOLUTION: $450 is invested at 8% compounded quarterly for six years. What is the amount at the end of six years?

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Question 357624: $450 is invested at 8% compounded quarterly for six years. What is the amount at the end of six years?
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
A=450(1+0.08/4)^24
A=450*1.608
A=723.80
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