Asked by Robbyne
If I got an income tax refund of $650 and invest the money in an account that pays 8% interest, compounded quarterly, how much will I have at the end of 10 years?
Answers
Answered by
Reiny
Amount = 650(1.02)^40
= ... use your calculator, mine is not handy at the moment
= ... use your calculator, mine is not handy at the moment
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