cale8999 cale8999

26-04-2017
Mathematics

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A total of $37185 is invested at an annual interest rate of 2% compounded quarterly. Find the balance after 11 years.

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Aliwohaish12 Aliwohaish12

26-04-2017

A=37,185×(1+0.02÷4)^(4×11)
A=46,309.97

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