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 12,0 00 is invested for 7 years with an APR of 2% and quarterly compounding what is the balance after 7 years?

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12,0 00 is invested for 7 years with an APR of 2% and quarterly compounding what is the balance after 7 years?

 Feb 5, 2015

Best Answer 

 #2
avatar+128631 
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A = 12000(1+.02/4)^(7*4) = 13798.47

 

 Feb 5, 2015

2+0 Answers

 #1
avatar+14 
+5

£13784.22

 Feb 5, 2015
 #2
avatar+128631 
+5
Best Answer

A = 12000(1+.02/4)^(7*4) = 13798.47

 

CPhill Feb 5, 2015

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