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A ​$28,0000 deposit at an APR of 5.4​% with quarterly compounding for 34 years =

Guest Aug 20, 2017
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FV = PV x [1 + R]^N

FV = 28,000 x [1 + 0.054/4]^(34*4)

FV = 28,000 x [1 + 0.0135]^136

FV = 28,000 x       6.194844536.......

FV = $173,455.65

Guest Aug 20, 2017

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