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August 2, 2015

Homework Help: Math

Posted by Breanna on Friday, July 31, 2009 at 1:09am.

Using the compound interest formula

A = P (1+ ((r)/ (n)) ^nt

Find the amount of money in the account at the end of 10 years. (Show values substituted in the formula, and calculate the numerical amount.)

$18,000 is invested in an account paying 3% interest compounded quarterly.

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