destinyogoo7 destinyogoo7

03-02-2021
Mathematics

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An investment of $5000 has an annual growth rate of 8% for 3 years
a) How much is the investment worth if the interest is compounded quarterly?

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03-02-2021

Answer: The final balance is $6,341.21.

The total compound interest is $1,341.21.

Step-by-step explanation:

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