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# What is 2000 is compounded quarterly at a rate of 8 percent for 5 years?

The answer will depend on whether the 8% refers to a quarterly rate or an annual equivalent rate.

5 years = 5*4 = 20 quarters.

At a quarterly rate, it is 2000*(1.08)20?= 9321.66 approx.

At an annual equivalent rate of 8% (that is 1.94% per quarter), ?the total is 938.66 approx.?

The answer will depend on whether the 8% refers to a quarterly rate or an annual equivalent rate.

5 years = 5*4 = 20 quarters.

At a quarterly rate, it is 2000*(1.08)20?= 9321.66 approx.

At an annual equivalent rate of 8% (that is 1.94% per quarter), ?the total is 938.66 approx.?

The answer will depend on whether the 8% refers to a quarterly rate or an annual equivalent rate.

5 years = 5*4 = 20 quarters.

At a quarterly rate, it is 2000*(1.08)20?= 9321.66 approx.

At an annual equivalent rate of 8% (that is 1.94% per quarter), ?the total is 938.66 approx.?

The answer will depend on whether the 8% refers to a quarterly rate or an annual equivalent rate.

5 years = 5*4 = 20 quarters.

At a quarterly rate, it is 2000*(1.08)20?= 9321.66 approx.

At an annual equivalent rate of 8% (that is 1.94% per quarter), ?the total is 938.66 approx.? Study guides

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## A number a power of a variable or a product of the two is a monomial while a polynomial is the of monomials

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The answer will depend on whether the 8% refers to a quarterly rate or an annual equivalent rate.

5 years = 5*4 = 20 quarters.

At a quarterly rate, it is 2000*(1.08)20= 9321.66 approx.

At an annual equivalent rate of 8% (that is 1.94% per quarter), the total is 938.66 approx.  Earn +20 pts  