# Algebra

Find the accumulated value of an investment of \$700 at 16%compounded quarterly for 2 years.

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1. 16%compounded quarterly for 2 years.
----> i = .08, n = 4

Amount = 700(1.08)^4
= ....

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posted by Reiny
2. I don't know why I read that as semi-annually
so
i = .04
n = 8

amount = 700(1.04)^8
= 958.00

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posted by Reiny

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