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1,000 deposits are made at the end of the quarter into a savings account earning 2.35% compounded annually for 5 years. Determine: (4 marks) How
- 1,000 deposits are made at the end of the quarter into a savings account earning 2.35% compounded annually for 5 years. Determine: (4 marks)
- How much is in the account in 5 years?
- How much was deposited into the account?
- How much of the amount (FV) in 5 years was interest earned (over the 5 years)
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International Project Finance
Authors: Felix I. Lessambo
1st Edition
3030963896, 978-3030963897
