document.write( "Question 354486: A fund pays 14% annual interest compounded
\n" ); document.write( "quarterly. What is the value of a $10,000 investment
\n" ); document.write( "after 3 yr?
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Algebra.Com's Answer #253300 by robertb(5830) $\"\"$ $\"About$

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The formula is $\"B=P%2A%281%2Br%2Fn%29%5E%28nt%29\"$ , where B is the balance of the investment after t years of an initial investment, or principal, of P, with annual interest rate 100r% where interest is compounded n times a year.
\n" ); document.write( "This gives
\n" ); document.write( " $\"B=10000%2A%281%2B0.14%2F4%29%5E12\"$ ,
\n" ); document.write( " $\"B+=+10000%2A%281.035%29%5E12\"$ ,
\n" ); document.write( " $\"B+=+15110.69\"$ . \n" ); document.write( "

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