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December 10, 2016
Posted by **alisha** on Thursday, September 23, 2010 at 8:08pm.

8% interest compounded quarterly, in order to amount to $20,000 within five years?

- math -
**Reiny**, Thursday, September 23, 2010 at 8:12pmsolve for x

20000 = x[1.02)^20 - 1]/.02

I got 823.13