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If the Invested Funds Earn 13% Compounded Quarterly What Amount

Question 174

Multiple Choice

If the invested funds earn 13% compounded quarterly what amount invested at the end of every six months for 15 years will accumulate to $295,000?

A) $23,415
B) $22,838
C) $5,953
D) $1,649
E) $3,352

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