SOLUTION: 11000 at 8% compounded by quarterly for 3/4 year
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Question 954433
:
11000 at 8% compounded by quarterly for 3/4 year
Answer by
Alan3354(69443)
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Here's a similar problem.
========================
1430 at 8% compounded by quarterly for 5 years
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5 yrs = 20 quarters
8%/yr = 2% per quarter
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--> 1430*(1.02)^20