The amount after 8years will be what

asked Apr 16, 2019 208k views

2 votes

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5 votes

P=5000
t=8
r=7%=0.07
n=4
Now all of this have to be substituted to the formula
A=5000(1+0.07/4)^(4*8)=5000(1+0.07/4)³²=8711.07

DBencz answered Apr 21, 2019

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