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15 December, 07:00

Find the future value of $2000 invested at annual rate of 2.4% compounded quarterly for 8 years. Round your answer to hundredths (2-decimal) place

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  1. 15 December, 07:28
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    Answer: $2421.95

    Step-by-step explanation:

    A = p (1 + r/n) ^nt

    A = 2000 (1+0.024/4) ^4x8

    A = 2421.95
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