Amy Hirt started a paper route on January 1, 2009. Every three months, she deposits $300 in

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Amy Hirt started a paper route on January 1, 2009. Every three months, she deposits $300 in her bank account, which earns 8 percent annually but is compounded quarterly. On December 31, 2012, she used the entire balance in her bank account to invest in a contract that pays 14 percent annually. How much will she have on December 31, 2015?

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Foundations of Financial Management

ISBN: 978-1259024979

10th Canadian edition

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta

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