Question

The amount to which $5,000 would grow in ten years at 6% compounded quarterly.

$5,802.70
$8,954.24
$9,070.09
$51,435.90

Answer 1

For the answer to the question above asking the amount to which $5,000 would grow in ten years at 6% compounded quarterly.

5000 (1+.06)^10
The answer is 8954.23 or $8,954.24
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