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5 Please check my answer and provide a detailed solution preferably by hand For a sum of money invested at 4.5% compounded quarterly for 11
5 Please check my answer and provide a detailed solution preferably by hand For a sum of money invested at 4.5% compounded quarterly for 11 years state the following values. (a) the number of compounding periods (b) the periodic rate of interest (c) the compounding factor (1 + i)n (d) the numerical value of the compounding factor (a) The number of compounding periods is 44. (Type an integer or a decimal.) (b) The periodic rate of interest is 1.125 %. (Round to six decimal places as needed.) 44 (c) The compounding factor is (1 + 0.01125) (Type integers or decimals.) (d) The numerical value of the compounding factor is 1.635971 (Round to six decimal places as needed.)
5 Please check my answer and provide a detailed solution preferably by hand
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