If $1000 is invested for x years at 8%, compounded quarterly, the future value is given by
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If $1000 is invested for x years at 8%, compounded quarterly, the future value is given by S = 1000(1.02)4x What amount will result in 8 years?
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Related Book For
Mathematical Applications For The Management, Life And Social Sciences
ISBN: 9781337625340
12th Edition
Authors: Ronald J. Harshbarger, James J. Reynolds
Question Posted:
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