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Investment of 1000000 for 10 years provide yield of 8%annually, compounded quarterly what are investment return?

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Investment of 1000000 for 10 years provide yield of 8%annually, compounded quarterly what are investment return?
posted Jan 3 by Lugano Lovemoi

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1 Answer

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Quarterly Interest rate = 8/4 = 2%
Therefore number of instances where the amount is compounded = 10×4 = 40
Therefore the amount at the end of 10 years =
10^6 ×(1.02)^40 = 2208039.66. Or a boost of 120.8% on investment.

answer Jan 8 by Tejas Naik



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