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1400 for 6 years at 16 percent compounded quarterly? - Answers

1400*(1.16)4*6 = 1400*1.1624 = 49330.98 (approx). Are you sure it is 16% quarterly? That is 81% annually!

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1400 for 6 years at 16 percent compounded quarterly? - Answers

https://math.answers.com/math-and-arithmetic/1400_for_6_years_at_16_percent_compounded_quarterly

1400*(1.16)4*6 = 1400*1.1624 = 49330.98 (approx). Are you sure it is 16% quarterly? That is 81% annually!

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https://math.answers.com/math-and-arithmetic/1400_for_6_years_at_16_percent_compounded_quarterly

1400 for 6 years at 16 percent compounded quarterly? - Answers

1400*(1.16)4*6 = 1400*1.1624 = 49330.98 (approx). Are you sure it is 16% quarterly? That is 81% annually!

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  1400*(1.16)4*6 = 1400*1.1624 = 49330.98 (approx). Are you sure it is 16% quarterly? That is 81% annually!
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