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$500 principal earning 4% compounded quarterly, after 6 years.
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$500 principal earning 4% compounded quarterly, after 6 years.

User Suliman Farzat
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1 Answer

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A=p (1+I/k)^kn
A=500×(1+0.04÷4)^(4×6)
A=634.87
User Tyrrell
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