808hbk7 808hbk7

22-03-2017
Mathematics

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11,700 is invested in a compound interest account paying 3.9% compounded quarterly. How much will be in the account after 18years.

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Aliwohaish12 Aliwohaish12

22-03-2017

A=p(1+i/m)^mn
A=11,700×(1+0.039÷4)^(4×18)
A=23,527.94

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