document.write( "Question 432879: final amount of the investment if $8000 invested at 6% compounded quarterly for 6 years \n" ); document.write( "

Algebra.Com's Answer #300056 by mananth(16946) $\"\"$ $\"About$

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Principal P = 8000
\n" ); document.write( "Amount= A
\n" ); document.write( "years=n 6
\n" ); document.write( "compounded 4 times a year
\n" ); document.write( "Rate = 6.00 0.02
\n" ); document.write( "Amount =P*((n+r)/n)^n
\n" ); document.write( "
\n" ); document.write( "Amount =8000*(1+0.02)^6*4
\n" ); document.write( "Amount =8000*(1 +0.02)^24
\n" ); document.write( "8000*(1.02)^24
\n" ); document.write( "Amount =$11436.02
\n" ); document.write( "
\n" ); document.write( " \n" ); document.write( "

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