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Qp=14,000, m = 14, r = 6% compounded annually

p=14,000, m = 14, r = 6% compounded annually

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#1JoselynAnswered at 2013-03-14 21:55:49
Principal P = 14000 Amount= A years=n 14 compounded 1 times a year Rate = 6.00 0.06 Amount =P*((n+r)/n)^n Amount =14000*(1+0.06)^14*1 Amount =14000*(1+0.06)^14 14000*(1.06)^14 Amount =31652.66
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p=14,000, m = 14, r = 6% compounded annually

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