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24 December, 14:42

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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  1. 24 December, 15:23
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    A=2,200 * (1+0.05:4) ^ (4*8)

    A=3,273.89
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