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If $1500 is invested at an interest rate of 4.75% per year, compounded quarterly, find the value of the investment after the given number of years.
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If $1500 is invested at an interest rate of 4.75% per year, compounded quarterly, find the value of the investment after the given

number of years.

User Punit Soni
by
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1 Answer

6 votes
after n years the amount = 1500(1 + (0.0475/4)^4n
User Jacob R
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