jordanjjessie01 jordanjjessie01

02-07-2020
Mathematics

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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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gilbertazavedo72 gilbertazavedo72

02-07-2020

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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