Jana invests €6000 in an account which pays 5.2% p.a

MATHEMATICS · Multi-part · AoPS · Mathematics · Exponents and Logarithms · Exponents and Logarithms

Problem

Jana invests €6000 in an account which pays 5.2% p.a. interest compounded quarterly for 6 years. Use technology to find: (1) the future value of the investment (2) the interest the investment will earn.

Related theory

Financial Arithmetic
Compound interest formula
Compound Interest
Ratio and Proportion
Compound interest, growth and depreciation

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