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If ​12, 000 is invested at 14​% interest compounded quarterly​, find the interest earned in 11 years

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解答

If​12,000isinvestedat14​%interestcompoundedquarterly​,findtheinterestearnedin11years

解答

Interest:42520.1
求解步骤
Translate the problem into an equation:54520.09914…=12000+I
求解 I,54520.09914…=12000+I:I=42520.1
Interest:42520.1

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