document.write( "Question 931623: how much money will you have in 7 years if you invest $16,000 at a 4.8% annual rate of interest compounded quarterly? \n" ); document.write( "

Algebra.Com's Answer #565669 by ewatrrr(24785) $\"\"$ $\"About$

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In General $\"A%28t%29+=+P%281%2Br%2Fn%29%5E%28nt%29\"$
\n" ); document.write( "A = Accumulated Amount
\n" ); document.write( "P= principal =
\n" ); document.write( "r= annual rate = .
\n" ); document.write( "n= periods per year =
\n" ); document.write( "t= years =
\n" ); document.write( " $\"A%28t%29+=+16000%281%2B.048%2F4%29%5E%284%2A7%29\"$
\n" ); document.write( " $\"A%28t%29+=+16000%281.012%29%5E%2828%29\"$ = $22,344.69 \n" ); document.write( "

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