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9 February, 09:43

11,700 is invested in a compound interest account paying 3.9% compounded quarterly. How much will be in the account after 18years.

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  1. 9 February, 12:19
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    A=p (1+i/m) ^mn

    A=11,700 * (1+0.039:4) ^ (4*18)

    A=23,527.94
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