Question 523200
find the value of $8000 if the annual interest 4.5 compounded quarterly for 8 years


A(future value) = {{{8000 * (1 + .045/4)^(4*8)}}}


A(future value) = {{{8000 * (1 + .01125)^32}}}


A(future value) = {{{8000 * (1.01125)^32}}}


A(future value) = 8,000(1.430451)


A(future value) = ${{{highlight_green(11443.61)}}}


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