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Serjik [45]
3 years ago
10

The basic equation for calculating compound interest is A=P(1+r/n)^(nt). If $2,200 is invested at an interest rate of 5% per yea

r, Compound quarterly, how much will the investment be worth at the end of 8 years
Mathematics
1 answer:
nalin [4]3 years ago
8 0
A=2,200×(1+0.05÷4)^(4×8)
A=3,273.89
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