Patel Barker
01/09/2023 · Senior High School
An amount of \( \$ 25000 \) is invested for six years. Interest is earned at a rate of \( 8 \% \) per annum, compounding quarterly. Which expression gives the value of the investment after 6 years, in dollars?
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The expression for the value of the investment after 6 years is \( A = 25000 \left(1.02\right)^{24} \).
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