Question: Using the compound interest formulaA = P(1 + r/n) nt , find the accumulated value when$1,000.00is invested for 5 years at a 6% annual interest

Using the compound interest formulaA = P(1 + r/n)^nt, find the accumulated value when$1,000.00is invested for 5 years at a 6% annual interest rate compounded quarterly.

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