For retirement, linda invested $4,000 in an account that pays 7% annual interest, compounded quarterly. find the value of his in vestment after 10 years. $3,959.16 $7,959.16 $8,006.40 $4,006.40
1 answer:
Total = 4000 * (1 + .07 / 4)^4*10 Total = 4000 *
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2.0015973432
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Total =
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8,006.39 Here's a compound interest calculator: http://www.1728.org/compint.htm </span></span></span>
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