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5 June, 17:33

The basic equation for calculating compound interest is A=P (1+r/n) ^ (nt). If 1400 is inve if 1400 is inverested at an interest rate of 6% per year, compounded quarterly, how much will the investment be worth at the end of 10 years?

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  1. 5 June, 17:40
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    2539.63

    Step-by-step explanation:

    A = 1400 (1 + 0.06/4) ^ (4*10)

    = 2539.63
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