Homework Help: Algebra 1

Posted by Casey on Monday, October 22, 2012 at 10:22pm.

Find the final amount of an investment if $2,000 is invested at an interest rate of 8% compounded quarterly for eight years.
Please and thank you! I`ve been having so much trouble with this question. Thank you!

Algebra 1 - Steve, Tuesday, October 23, 2012 at 5:19am
2000(1+.08/4)^(4*8) = 3769.08

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