What Sum of Money Invested at 8% P

question 6

Essay

What sum of money invested at 8% p.a., compounded quarterly, will grow to $10 000.00 in 12.5 years?

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Definitions:

Potassium

A soft silvery metal with the symbol K and atomic number 19, essential for life, particularly in nerve function.

Lewis Dot Structure

A visual representation of the valence electrons of an atom, ion or molecule, using dots around symbols of elements.

Selenium (Se)

A nonmetal element with atomic number 34, vital in small amounts for cellular function in many organisms, and utilized in various industrial applications.

Alkane

Hydrocarbons with the general formula CnH2n+2, consisting only of single bonds and saturated with hydrogen.