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18 August, 15:14

Suppose that $2000 is invested at a rate of 3.4% interest, compounded quarterly. Assuming no withdrawals are made, find the amount after 10 years

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  1. 18 August, 15:29
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    A=p (1+i/m) ^mn

    A=2,000 * (1+0.034:4) ^ (4*10)

    A=2,805.86
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