How long will it take for payments of $350 to accumulate to $12 000 at 3% compounded

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How long will it take for payments of $350 to accumulate to $12 000 at 3% compounded monthly if made
(a) At the end of every three months?
(b) At the end of every six months?

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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 04:02 AM

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How long will it take for payments of $350 to accumulate to $12 000 at 3% compounded

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a FV nc 12 00000 PMT 35000 i 025 c 124 3 p 100253 3 1 1007...View the full answer

Contemporary Business Mathematics with Canadian Applications

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