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    Ryan Deposits $12,000 into a Fixed Asset Account That Earns
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Ryan Deposits $12,000 into a Fixed Asset Account That Earns

Question 60

Question 60

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Ryan deposits $12,000 into a fixed asset account that earns 6% compounded quarterly. What is Ryan's balance at the end of five years?

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6% / 4 = 1.5%, 5 × 4...

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