SOLUTION: How much money will there be in an account at the end of 8 years if $16000 is deposited at 6% interest compounded quarterly? (Assume no withdrawals are made.)

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Question 1100970: How much money will there be in an account at the end of 8 years if $16000 is deposited at 6% interest compounded quarterly? (Assume no withdrawals are made.)
Answer by addingup(3677) About Me  (Show Source):
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16,000(1+(0.06/4))^(4*8) = 25,765.19