SPIDER288 SPIDER288

01-06-2021
Mathematics

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To what amount will $8000 growing if it is invested for 12 years at 6% compounded quarterly

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jordanblake297 jordanblake297

01-06-2021

Answer:

The final balance is $16,406.01.

The total compound interest is $8,406.01

Step-by-step explanation:

take the initial balance and multiply that by the interest then take 12 and multiply that times the previous answer.

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