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200 invested at 4 % compounded quarterly after a period of 3 years

200 invested at 4 % compounded quarterly after a period of 3 years
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200 invested at 4 % compounded quarterly after a period of 3 years

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User Wesbos
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1 Answer

1 vote
A = P*(1 +r/n)^(nt)
A = 200*(1 +.04/4)^(4*3)
.. = 200*1.01^12
A ≈ 225.37
answered
User Robert Wade
by
7.4k points
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