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    Contemporary Business Mathematics Study Set 1
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    Exam 9: Compound Interest - Future Value and Present Value
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    What Sum of Money Invested at 8% P
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What Sum of Money Invested at 8% P

Question 6

Question 6

Essay

What sum of money invested at 8% p.a., compounded quarterly, will grow to $10 000.00 in 12.5 years?

Correct Answer:

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FV = 10000.00; i = 2...

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