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Robert invested $10,000 for 30 years at a 4% interest rate compounded quarterly. How much money will he have after 30 years?
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Robert invested $10,000 for 30 years at a 4% interest rate compounded quarterly. How much money will he have after 30 years?

User Alexander Higgins
by
4.6k points

1 Answer

4 votes

Answer:

$33,003.87

Explanation:

A = 10,000(1 +
(.04)/(4))^30·4

A = 33,003.87

User Nokazn
by
4.4k points
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