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6 March, 08:17

4000 is compounded quarterly at a rate of 7 percent for 6 years find the total amount

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Answers (2)
  1. 6 March, 08:27
    0
    4000=x + (1+0.07) ^6 you are using the equation F=I + (1+R) ^T
  2. 6 March, 08:49
    0
    The answer u are looking for is 24,000
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