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Mathematics 12 Online
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?

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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