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A person deposits $ 1 0 , 0 0 0 into the bank in an account with af annual interest rate of 8 % that
A person deposits $ into the bank in an account with af annual interest rate of that compounds quarterly. They leave the money in the account for years.
How many compounding periods are there?
Enter a whole number.
What is the interest rate per period?
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Managerial Accounting
Authors: Ramji Balakrishnan, Konduru Sivaramakrishnan, Geoff B. Sprinkle
2nd edition
1118385381, 978-1118385388
