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7 July, 04:56

5000 deposit earning 1.5 compounded quarterly after 3 years?

I know the answer but can you show me the work to the answer

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  1. 7 July, 05:07
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    A=p (1+i/m) ^mn

    A=5000 (1+0.015/4) ^4*3

    A==5,229.7
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