​If $800 is invested at an interest rate of 5.75% per year

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FBFHER

Science

Description

If $800 is invested at an interest rate of 5.75% per year, compounded quarterly, find the value of the investment after the given number of years. (Round your answers to the nearest cent.)

(a) 1 year
 

(b) 2 years
 

(c) 10 years

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Explanation & Answer

a)847.00

b)896.76

c)1132717.11

this is the answer for compound interest                                                        

                                                                                                   

                                                                                        

                                                                                                                                 

                                                                                                                                   


Anonymous
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