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10 November, 07:10

What is the final amount of $105.00 that is put into a savings account with 8% interest rate for 25 years, if the interest is compounded 4 times per year?

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  1. 10 November, 09:00
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    A=105 * (1+0.08:4) ^ (4*25)

    A=760.68
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