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A man invests $4000 in an account that pays 6.5% interest per year, compounded quarterly. (a) Find the amount after 3 years? (Round your
A man invests $4000 in an account that pays 6.5% interest per year, compounded quarterly. (a) Find the amount after 3 years? (Round your answer to the nearest cent.) $ 4,854 x (b) How long will it take for the investment to triple? (Round your answer to two decimal places.) 17 x yr Need Help? Read It Watch It
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Principles of Finance
Authors: Scott Besley, Eugene F. Brigham
6th edition
9781305178045, 1285429648, 1305178041, 978-1285429649
