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natka813 [3]
3 years ago
11

WORTH ALOT. Find the amount that results from the investment. 14) $480 invested at 7% compounded quarterly after a period of 9 y

ears
​
Mathematics
2 answers:
konstantin123 [22]3 years ago
4 0

Answer:

  • $896.36

Step-by-step explanation:

  • Principal = $480
  • Interest rate = 7% compounded
  • Compound number = 4 per year
  • Time = 9 years

<u>Final amount is:</u>

  • 480*(1 + 0.07/4)^(9*4) =
  • 480(1.0175)^36 =
  • $896.36
marta [7]3 years ago
4 0

Answer:

$896.36

Step-by-step explanation:

GIVEN

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