Amberheahlke Amberheahlke
  • 16-05-2017
  • Mathematics
contestada

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 year, Compound quarterly, how much will the investment be worth at the end of 8 years

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Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 16-05-2017
A=2,200×(1+0.05÷4)^(4×8)
A=3,273.89
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