SOLUTION: After 5 years, what is the total amount of a compound interest investment of $32,000 at 3% interest, compounded quarterly?

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Question 756356: After 5 years, what is the total amount of a compound interest investment of $32,000 at 3% interest, compounded quarterly?
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
After 5 years, what is the total amount of a compound interest investment of $32,000 at 3% interest, compounded quarterly?
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A(5) = 32000(1+(0.03/4))^(4*5)
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A(t) = $37,157.89
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Cheers,
Stan H.
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