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    Contemporary Business Mathematics Study Set 1
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    Exam 9: Compound Interest - Future Value and Present Value
  5. Question
    Suppose $4320
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Suppose $4320

Question 16

Question 16

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Suppose $4320.00 is invested for five years, eight months at 8.25% compounded annually. What is the compounded amount?

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PV = 4320.00; i = 8.25% = .082...

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