The compound amount and the compound interest for the investment with principal $ 2800 is made for 2.5 years at 3.1 % compounded quarterly by using compound interest formula.

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Chapter 11.I, Problem 37RE

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To calculate: The compound amount and the compound interest for the investment with principal $2800 is made for 2.5 years at 3.1% compounded quarterly by using compound interest formula.

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