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Asked by parker

Calculate the interest earned on an investment of 2500 invested at an interest rate of 6.15%/a compounded quarterly for 10 years.
10 years ago

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Answered by Damon
40 periods at a rate of .0615/4

2500 (1.015375)^40=2500(1.841) = $4602.55
10 years ago
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Calculate the interest earned on an investment of 2500 invested at an interest rate of 6.15%/a compounded quarterly for 10 years.

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