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27 February, 17:47

Anisha invested $8,000 in an account that earns 10% interest How much money will she have in 15 years of the interest is compound quarterly

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  1. 27 February, 20:36
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    Here's the equation for one year:

    0.1 (8000) + 8000

    But because it is 15 years:

    15 (0.1 (8000)) + 8000

    1.5 (8000) + 8000

    We can make it simpler:

    2.5 (8000)

    Multiply:

    20,000

    Anisha will have $20,000
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