SOLUTION: $12,000 invested at 7% compounded quarterly after a period of 8 years

SOLUTION: $12,000 invested at 7% compounded quarterly after a period of 8 years

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Question 516494: $12,000 invested at 7% compounded quarterly after a period of 8 years
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
A=12000(1+0.07/4)^8*4
A=12000(1.74221)
A=$20,906.56
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