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    Introduction to Engineering Study Set 2
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    Exam 20: Engineering Economics
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    An Initial Deposit of $500 Earns 8% Interest (APR), Compounded
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An Initial Deposit of $500 Earns 8% Interest (APR), Compounded

Question 4

Question 4

Essay

An initial deposit of $500 earns 8% interest (APR), compounded quarterly.How much will
be in the account at the end of 10 years?

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