For her daughters education, Georgina Harcourt has invested an inheritance in a fund paying 5.2% compounded quarterly.

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For her daughter’s education, Georgina Harcourt has invested an inheritance in a fund paying 5.2% compounded quarterly. If ordinary annuity payments of $178 per month are to be made out of the fund for eight years, how much was the inheritance?

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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: Sep 21, 2024 05:20 AM

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For her daughters education, Georgina Harcourt has invested an inheritance in a fund paying 5.2% compounded quarterly.

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PMT 17800 i 13 n 96 c 412 ...View the full answer

Contemporary Business Mathematics with Canadian Applications

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