To what amount will 10000 accumulate in 6 years if invested at 8% compound quarterly
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A = 25633
p = 10000
r = 8%
n = 4n = 4*6 = 24
A = P(1 + r/4/100)^4n
r/4 = 8/4 = 2
A = 10000 * (1+4/100)²⁴
= 10000 * (104/100)²⁴
= 10000 * 2.5633
= 25633
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