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If $4,000 is invested for 3 years at 8% compounded quarterly, how much interest (in $) will be earned? (Round your answer to the nearest cent.) $ X

If $4,000 is invested for 3 years at 8% compounded quarterly, how much interest (in $) will be earned? (Round your answer to the nearest cent.) $ X

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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If $4,000 is invested for 3 years at 8% compounded quarterly, how much interest (in $) will be earned? (Round your answer to the nearest cent.) $ X
Transcribed Image Text:If $4,000 is invested for 3 years at 8% compounded quarterly, how much interest (in $) will be earned? (Round your answer to the nearest cent.) $ X
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