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motorcycle company invested 250,000 at 4.5% compounded monthly to be used for the expansion of their manufacturing facilities how much will available for the project in 3.5 years?

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asked by laura
  1. r = .045/12 = .00375
    number of periods = 12 *3.5 = 42 months

    1.00375^42 = 1.170235983
    times 250000 = 292,558

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    posted by Damon

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