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Use the periodic compound interest formula How much money will you have in 6 years if you invest $4000 at a 5.4% annual rate of
Use the periodic compound interest formula How much money will you have in 6 years if you invest $4000 at a 5.4% annual rate of interest compounded quarterly? How much will you have if it is compounded monthly? 4 If the interest is compounded quarterly, the amount after 6 years will be $(Simplify your answer. Round to the nearest cent.) If the interest is compounded monthly, the amount after 6 years will be $(Simplify your answer. Round to the nearest cent.)
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