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ABC Company opened a savings account on January 1, 2020 by depositing $31,000. ABC Company intends to deposit $28,000 into this account at the end
ABC Company opened a savings account on January 1, 2020 by depositing $31,000. ABC Company intends to deposit $28,000 into this account at the end of every quarter for the next five years. Assume that ABC Company will earn interest of 12% compounded quarterly. Calculate the amount that will be in ABC Company's savings account at the end of five years.
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Auditors Guide To Information Systems Auditing
Authors: Richard E. Cascarino
1st Edition
0470009896, 978-0470009895
