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Year 10 Maths Advanced Earning Money

Compound Interest

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Question 1
11416

Find the final value of a bank account after \(4\) years, if the present value of \(\$12,000\) earns \({\rm{2}}{\rm{.4\% p}}{\rm{.a}}{\rm{.}}\) interest compounded quarterly

\(\$ 13.205.32\)

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