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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Related Book For
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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