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I want to use the appropriate compound interest formula to compute the balance in the account after the stated period of time. 13,000 has been
I want to use the appropriate compound interest formula to compute the balance in the account after the stated period of time.
- 13,000 has been invested for 8 years with an APR of 4% and quarterly compounding.
What would be the balance in my account after 8 years? $------
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An Introduction to the Mathematics of Financial Derivatives
Authors: Ali Hirsa, Salih N. Neftci
3rd edition
012384682X, 978-0123846822
