jocekinn jocekinn

10-04-2017
Mathematics

contestada

Find the Compound Amount.
Round to the nearest cent.

Amount = $980
Rate = 8%
Compounded = Quarterly
Time (Years) = 5

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Aliwohaish12 Aliwohaish12

10-04-2017

A=p(1+i/m)^mn
A=980×(1+0.08÷4)^(4×5)
A=1,456.23

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