Asked by Casey
Find the final amount of an investment if $2,000 is invested at an interest rate of 8% compounded quarterly for eight years.
Please and thank you! I`ve been having so much trouble with this question. Thank you!
Please and thank you! I`ve been having so much trouble with this question. Thank you!
Answers
Answered by
Steve
2000(1+.08/4)^(4*8) = 3769.08
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