Question
A man invests $10, 000 in an account that pays 8.5% interest per year, compounded quarterly.
What is the amount of money that he will have after 3 years
What is the amount of money that he will have after 3 years
Answers
a = 10000 [1 + (.085 / 4)]^(3 * 4)
Facts
$11,565.98
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