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3 years ago

7

the basic equation for calculating compound interest is A=P(1+r/n)^(nt). if $1,400 id inverested at an interest rate of 6% per y

ear, compound quarterly, how much will the investment be worth at the end if 10 years? show work

1 answer:

quester [9]3 years ago

4 0

A=1,400×(1+0.06÷4)^(4×10)
A=2,539.63

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