Compute the compound amount and compound interest ifP RM 3 2 , 0 0 0 , r 5 5 and n 5 compounded quarterly Compound amount Compound interest

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Compute the compound amount and compound interest ifP = RM 3 2 , 0 0 0 , r = 5 . 5 % and n

Compute the compound amount and compound interest ifP

=

32, 000,

= 5.5 %

and n

= 5

compounded quarterly

Compound amount:

Compound interest:

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