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100 POINT QUESTION Compound Interest: Determine the amount of the investment if the original $1000 were invested at a rate of 8% compounded quarterly for 6 years

100 POINT QUESTION Compound Interest: Determine the amount of the investment if the original $1000 were invested at a rate of 8% compounded quarterly for 6 years
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2 votes
100 POINT QUESTION

Compound Interest: Determine the
amount of the investment if the original
$1000 were invested at a rate of 8%
compounded quarterly for 6 years

asked
User Chenchuk
by
8.1k points

1 Answer

1 vote
48000% is the answer for this
answered
User LE SANG
by
7.9k points
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