Asked by tota
Scott invests $1,500, at 12% interest, compounded quarterly for 8 years. Use Table 11-1 to calculate the compound amount for his investment
Answers
Answered by
Steve
If you look at the table, you should find a value of
1500(1+.12/4)^(4*8) = 3862.62
1500(1+.12/4)^(4*8) = 3862.62
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