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9 January, 13:48

If $360 dollars is invested at an interest rate of 4% per year and is compounded quarterly, how much will the investment be worth in 18 years

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  1. 9 January, 13:59
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    Fv=360 (1+0.04/4) ^4*18

    Fv=360 (1+0.01) ^72

    Fv=736.96
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