Mathematics, 15.01.2021 22:10, jamarstand
A local university is planning to invest $500,000 every 3 months in an investment which earns interest at the rate of 12% per year compounded quarterly. The first investment will be at the end of this current quarter. a) To what sum will be the investment grow at the end of 5 years. b) How much interest will be earned during this period?
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