Question 615668
Hello, 
There's an error in the formula given : A(t)=P(1+r/n)nt
It should be A(t)=P(1+r/n)^nt
Now we can plug in the numbers:
A=1000(1+.04/4)4(20)
This comes out to:
$2216.72 (approx)
Make sense?
RJ
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