Use the formula for computing future value using compound interest to determine the value of an account at the end of 7 years if a principal amount of $12,000 is deposited in an account at an annual...


Use the formula for computing future value using compound interest to determine the value of an account at the end of 7 years if a principal amount of $12,000 is deposited in an account at an annual interest rate of 5​%
and the interest is compounded quarterly.


The amount after 7 years will be $_______





Jun 04, 2022
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