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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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    Determine N If an Amount Is Invested for 3
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Determine N If an Amount Is Invested for 3

Question 81

Question 81

Multiple Choice

Determine n if an amount is invested for 3.5 years at 2.25% compounded quarterly.


A) 14
B) 5
C) 10.5
D) 0.5625%
E) 56.25

Correct Answer:

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