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zhannawk [14.2K]
3 years ago
10

Determine the amount of interest earned on a $100,000 investment if it is invested at 5.2% annual interest compounded quarterly

for 12 years
Mathematics
1 answer:
Charra [1.4K]3 years ago
4 0
A= p(1+r/n) ^nt = 100,000(1+.052/4)^(12*4)= $185,888.87

Interest is $85,888.87
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