If $13,500 is invested at 8% compounded quarterly, how much will this investment be worth in 24 years? Round your answer to two decimal places.

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 6RE: Hsu-Mei wants to save 5,000 for a down paymenton a car. To the nearest dollar, how much will sheneed...
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If $13,500 is invested at 8% compounded quarterly, how much will this investment be worth in 24 years? Round your answer to two decimal places.

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