Ronald wishes to invest $3,500 today in a money market fund that pays quarterly interest at 5.5%.

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Ronald wishes to invest $3,500 today in a money market fund that pays quarterly interest at 5.5%. How much will Ronald have at the end of seven years (to the nearest dollar)?

a. $5,130

b. $5,091

c. $3,548

d. $3,075

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Stock Markets And Corporate Finance A Primer

ISBN: 9781800611474,9781800611498

1st Edition

Authors: Michael Dempsey

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Question Posted: Jul 23, 2024 06:04 AM

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Ronald wishes to invest $3,500 today in a money market fund that pays quarterly interest at 5.5%.

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Stock Markets And Corporate Finance A Primer

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