What is $250 compounded quarterly for 10 years at a 8% interest rate
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P, Principal = $250
r, rate = 8% = 0.08/4 = 0.02
t, periods = 10 yrs x 4 = 40 periods
A = P(1+r)^t
A = 250(1+0.02)^40 = 250 x 2.208039664 = 552.0099
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