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Determine the amount of money you will have if you deposit $108,000 for 25 years at 8% annual interest, compounded quarterly.

2 Answers

1 vote

Answer: The answer is $782,421.78

Explanation:

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User Makkes
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4 votes

A =108000(1+(0.08)/(4))^(4*25)=782421.78
The answer is $782,421.78
User Ivan Shamatov
by
8.4k points

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