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OpenStudy (anonymous):
I want to make sure i did this rite... If an employee puts $1000 in a savings plan with 8% interest that compunds quaterly and withdraws it after 35 years does he have $12200?
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OpenStudy (anonymous):
Okay, http://en.wikipedia.org/wiki/Compound_interest scroll down to the formula for compound interest
OpenStudy (anonymous):
no it is 16000 according to the calculator
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