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When Gemma was born, her grandmother invested $200 000 in a building society for her. Find the value of this investment after 18 years if the interest rate is 4% per year and the interest is compounded
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Sep 12, 2023
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When Gemma was born, her grandmother invested $200 000 in a building society for her. Find the value of this investment after 18 years if the interest rate is 4% per year and the interest is compounded quarterly.
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Answer:
570.87
Explanation:
Chathuri Fernando
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Sep 16, 2023
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Chathuri Fernando
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