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11 January, 06:39

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. 11 January, 06:58
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    A=2,200 * (1+0.05:4) ^ (4*8)

    A=3,273.89
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