If $1000 is invested for x years at 8% compounded quarterly, the future value of the investment

Question:

If $1000 is invested for x years at 8% compounded quarterly, the future value of the investment is given by

0.08 S = 1000| 1 + \4x 4

What will be the future value of this investment in 20 years?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: