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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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    Find the Sum of Money That Accumulates to $11 415
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Find the Sum of Money That Accumulates to $11 415

Question 51

Question 51

Essay

Find the sum of money that accumulates to $11 415.00 at 7.6% compounded quarterly in six years, seven months.

Correct Answer:

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n = (6 + blured image )4 = 26.33...

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