# Math

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What would be the amount of compound interest on \$8,000 invested for one year at 6%, compounded quarterly? Round your answer to the nearest dollar.

• Math -

6%/4 = x%
\$8,000./x%

• Math -

Amount = 8000(1 + .06/4)^4
= 8490.91

• Math -

y=3x-3.5

• Math -

\$491.00

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