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 Oct 22, 2018
 #1
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Accumulatedl amount  =  P ( 1 + r/4)^(n *t)

P = 32000

r = 3%  = .03

n = number of compoundings per year  =  4

t = number of years  = 7

 

32000 ( 1 + 03 / 4)^28  = 

 

39,446.78

 

 

cool cool cool

 Oct 22, 2018

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