29. Sue Sussman started a paper route on January 1, 2002. Every three months, she deposits $500...
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29. Sue Sussman started a paper route on January 1, 2002. Every three months, she deposits $500 in her bank account, which earns 4 percent annually but is compounded quarterly. On December 31, 2005, she used the entire balance in her bank account to invest in a contract that pays 9 percent annually. How much will she have on December 31, 2008?
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Foundations Of Financial Management
ISBN: 9780073382388
13th Edition
Authors: Stanley B. Block, Geoffrey A. Hirt, Bartley R. Danielsen
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