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Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540 Exercise 56
Solve the following application problems using 360-day years where applicable.
At 58, Thomas Jones knows that he needs to save more. He decides to invest $300 per quarter in an account paying 10 compounded quarterly. Find the accumulated amount (a) at age 65 and (b) at age 70.
At 58, Thomas Jones knows that he needs to save more. He decides to invest $300 per quarter in an account paying 10 compounded quarterly. Find the accumulated amount (a) at age 65 and (b) at age 70.
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Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
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