Question 527623
A=P(1+r/4)^nt
A=8500(1+0.07/4)^20
A=8500(1.0175)^20
A=8500(1.4148)
A=$12,025.80
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same thing only divide rate by 2.
A=2000(1+0.08/2)^18
A=2000(1.04)^18
A=2000(2.0258)
A=$4,051.60