Question 8 Copy of Find the amount at the end of 5 years and 7 months if P4,000 is invested at 59% compounded quarterly, using simple interest for anytime less than a year interest period. Express your answer in 2 decimal places.
Question 8 Copy of Find the amount at the end of 5 years and 7 months if P4,000 is invested at 59% compounded quarterly, using simple interest for anytime less than a year interest period. Express your answer in 2 decimal places.
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 68SE: An investment account with an annual interest rateof 7 was opened with an initial deposit of 4,000...
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Transcribed Image Text:Question 8
Сopy of
Find the amount at the end of 5 years and 7 months if P4,000 is invested at 59% compounded quarterly, using simple interest for anytime less than
a year interest period.
Express your answer in 2 decimal places.
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