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28-03-2017
Mathematics

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The desired accumulated amount is $100,000 after 4 years invested in an account with a 4% interest compounded quarterly

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Aliwohaish12 Aliwohaish12

28-03-2017

A=p(1+i/m)^mn
A=100,000×(1+0.04÷4)^(4×4)
A=117,257.86

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