What is the future value if $3,200 is invested for 5 years at 17 % compounded quarterly?
What is the future value if $3,200 is invested for 5 years at 17 % compounded quarterly? thanks
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- F=A(1+r/n)^nt F=3,200(1+.17/4)^4*5 F=$7,356.5
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