Find the total amount of an investment if $1200 is invested at an interest rate of 3.5% compounded quarterly for 7 years.

asked Feb 3, 2023 80.3k views

3 votes

Find the total amount of an investment if $1200 is invested at an interest

rate of 3.5% compounded quarterly for 7 years.

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10 votes

Answer:

Total amount of investment = $1,531.51

Explanation:

A = P(1+r/n)^(nt)

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