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06-05-2022
Mathematics

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What is the final amount of a $300 investment earning 4.5% interest compounded quarterly for 3 years?

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sydjamison sydjamison

06-05-2022

The formula A=P(1+(r/n))^nt should be followed when answering
300=P
R=0.045
N=4
T=3
300(1+(0.045/4))^4x3
Answer is=343.102

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