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OpenStudy (anonymous):
After 6 years, what is the total amount of a compound interest investment of $35,000 at 4% interest, compounded quarterly?
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OpenStudy (amistre64):
what have you tried to work out so far?
OpenStudy (anonymous):
i dont know what compound interest is
OpenStudy (amistre64):
it is interest on interest, which is the compounding part of it simple interest is just interest on the principal only
OpenStudy (amistre64):
there should be a formula in your material that you can start with
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