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6,000 is invested in an account that earns 4.5% annual interest, compound quarterly. What is the value of the account after 8 years?

6,000 is invested in an account that earns 4.5% annual interest, compound quarterly. What is the value of the account after 8 years?
asked 42.7k views
4 votes
6,000 is invested in an account that earns 4.5% annual interest, compound quarterly. What is the value of the account after 8 years?

asked
User Acostache
by
8.4k points

1 Answer

2 votes
Your answer is 8,582.71
answered
User Maged Hamid
by
8.0k points
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