Question 1172572
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Hi  
 In General {{{A(t) = P(1+r/n)^(nt)}}}
A = Accumulated Amount
P= principal = 7000
r= annual rate = .06
n= periods per year = 4
t= years=5 
{{{A(5) = 7000(1+.06/4)^(20)}}}
{{{A(5) = 7000(1.015)^(20)}}}
Calculate A(5)
A(5) - $7000 = the compound interest money earned
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