Bomac Steel sets aside $5000 at the beginning of every six months in a fund to replace

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Bomac Steel sets aside $5000 at the beginning of every six months in a fund to replace equipment. If interest is 6% compounded quarterly, how much will be in the fund after five years?

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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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