shawana14 shawana14
  • 29-03-2017
  • Mathematics
contestada

find the accumulated value of an investment of $1200 at 6% compounded quarterly for 3 years

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Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 29-03-2017
A=p(1+i/m)^mn
A=1,200×(1+0.06÷4)^(4×3)
A=1,434.74
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