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It is 549*{1 + 5.5/(4*100)}4*7 = 549*{1 + 0.01375}28 = 549*(1.01375)28

It is 549*{1 + 5.5/(4*100)}4*7 = 549*{1 + 0.01375}28 = 549*(1.01375)28

It is 549*{1 + 5.5/(4*100)}4*7 = 549*{1 + 0.01375}28 = 549*(1.01375)28

It is 549*{1 + 5.5/(4*100)}4*7 = 549*{1 + 0.01375}28 = 549*(1.01375)28

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10y ago
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10y ago

It is 549*{1 + 5.5/(4*100)}4*7 = 549*{1 + 0.01375}28 = 549*(1.01375)28

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Q: What is the future value formula of 549 at 5.5 percent compounded quarterly for 7 years?
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