Deanna wants to save $3500 in two years by depositing $420 every three months into a savings

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Deanna wants to save $3500 in two years by depositing $420 every three months into a savings account. What nominal rate of interest compounded annually do her savings have to earn?

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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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Question Posted: Feb 26, 2016 04:00 AM

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Deanna wants to save $3500 in two years by depositing $420 every three months into a savings

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FV 350000 PMT 42000 n 8 c 14 ...View the full answer

Contemporary Business Mathematics with Canadian Applications

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