1. Quarterly payments of $500 are deposited in an account that pays 8%, compounded quarterly. How much...
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1. Quarterly payments of $500 are deposited in an account that pays 8%, compounded quarterly. How much will have accrued in the account at the end of 4 years if each payment is made at the end of each quarter?
2. If $8000 is invested at 7%, compounded continuously, how long will it be before it grows to $22,000?
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1 R 500 i 008 4 002 n 4 4 16 500 186393 93...View the full answer
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Related Book For 
Mathematical Applications for the Management Life and Social Sciences
ISBN: 978-1305108042
11th edition
Authors: Ronald J. Harshbarger, James J. Reynolds
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