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If ​$8000 is invested at ​5% compounded quarterly ​, what is the amount after 6 ​years?

If ​$8000 is invested at ​5% compounded quarterly ​, what is the amount after 6 ​years?
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1 vote
If ​$8000 is invested at ​5% compounded quarterly ​, what is the amount after 6 ​years?

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User Lexie
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1 Answer

4 votes
The amount would be 10,778.81
Your total compounded interest is 2778.81 in 6 years
answered
User KhanZeeshan
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8.1k points
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