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Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
Edition 7ISBN: 978-1285448596Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
Edition 7ISBN: 978-1285448596 Exercise 28
Suntech Distributors, Inc., deposits $5,000 at the beginning of each 3-month period for 6 years in an account paying 8% interest compounded quarterly.
a. How much will be in the account at the end of the 6-year period?
b. What is the total amount of interest earned in this account?
a. How much will be in the account at the end of the 6-year period?
b. What is the total amount of interest earned in this account?
Explanation
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Calculate the future value (Amount) of a...
Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
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