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8 November, 10:34

Find the final amount. $1000 invested at 6 % APR compounded quarterly for 3 years

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  1. 8 November, 10:42
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    Step-by-step explanation:

    Total Price=SI+Priciple

    SI=P*R*T

    P=$1000

    R=6%

    T=3yrs

    SI = 1000*0.06*3yrs

    =$180

    Total Price = Priciple + SI

    =$1000 + $180

    =$1180
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