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The amount to which $5,000 would grow in ten years at 6% compounded quarterly. $5,802.70 $8,954.24 $9,070.09 $51,435.90

The amount to which $5,000 would grow in ten years at 6% compounded quarterly. $5,802.70 $8,954.24 $9,070.09 $51,435.90
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1 vote
The amount to which $5,000 would grow in ten years at 6% compounded quarterly.

$5,802.70
$8,954.24
$9,070.09
$51,435.90

asked
User Yarun Can
by
7.9k points

1 Answer

3 votes
For the answer to the question above asking the amount to which $5,000 would grow in ten years at 6% compounded quarterly.

5000 (1+.06)^10
The answer is 8954.23 or $8,954.24
i hope my answer helped you. feel free to ask more questions. Have a nice day!
answered
User Just Some Guy
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8.5k points
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