SOLUTION: this question is on Retirment funds five and a half years ago Chris invested $10,000in a retirment fund that grew at the rate of 10.82%/year compounded quarterly. what is his ac

SOLUTION: this question is on Retirment funds five and a half years ago Chris invested $10,000in a retirment fund that grew at the rate of 10.82%/year compounded quarterly. what is his ac

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Question 370914: this question is on Retirment funds
five and a half years ago Chris invested $10,000in a retirment fund that grew at the rate of 10.82%/year compounded quarterly. what is his account worth today.
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
A=10000(1+.1082/4)^4*5.5
A=(10000(1.02705)^22
A=10000*1.7989
A=$17,989
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