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30 June, 10:24

The basic equation for calculating compound interest is A=P (1+r/n) ^ (nt). if $1,400 id inverested at an interest rate of 6% per year, compound quarterly, how much will the investment be worth at the end if 10 years? show work

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  1. 30 June, 10:27
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    A=1,400 * (1+0.06:4) ^ (4*10)

    A=2,539.63
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