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5-46. ( Nonannual compounding using a calculator ) Gabriela plans to invest $1,500 at the end of each quarter for 5 years into an account
5-46. ( Nonannual compounding using a calculator ) Gabriela plans to invest $1,500 at the end of each quarter for 5 years into an account with an APR of 6.3 percent compounded quarterly. She will use this money as a down payment on a new home at the end of 5 years. How large will her down payment be 5 years from today
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Modern Equity Investing Strategies
Authors: Anatoly B Schmidt
1st Edition
9811239495, 978-9811239496
