SOLUTION: $480 invested at 10% compounded quarterly after a period of 8 years. Find the amount that results from the investment.

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Question 1035967: $480 invested at 10% compounded quarterly after a period of 8 years. Find the amount that results from the investment.
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
fv=480(1+0.1/4)^4*8
FV=480(1.025)^32
FV=480*2.2
FV=$1056.00