Find the amount P accumulated after 1 year on an investment of 1000 dollars at 8 % compounded quarterly.? - best investment for 1000 dollars
Find the amount of P to 1 years with a cumulative investment of $ 1,000 at 8% compounded quarterly.
Round your answer to the nearest integer.
P = _____dollars.
Friday, February 5, 2010
Best Investment For 1000 Dollars Find The Amount P Accumulated After 1 Year On An Investment Of 1000 Dollars At 8 % Compounded Quarterly.?
1 comment:
P = 1000 (1 + .08 / 4) ^ 4 = 1000 (1.02 ^ 4) = $ 1082 to the nearest integer.
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