catherine1764 catherine1764

16-12-2019
Mathematics

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If 5000 is invested at a rate of 3% interest compounded quarterly,what is the value of the investment in 5 years ?

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zrh2sfo zrh2sfo

17-12-2019

Answer:

$5,805.92

Step-by-step explanation:

The compound interest formula is: A = P (1 + r/n)^nt

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