Question
An account was opened up 10 years ago and $500 was deposited at the beginning of each month for 3 years, followed by deposits of
An account was opened up 10 years ago and $500 was deposited at the beginning of each month for 3 years, followed by deposits of $1000 at the beginning of each month for 2 years. The account earns interest at j12 = x%. The accumulated value of the account today is $63,450.00. Solve for j12 using linear interpolation.
Please include the formula
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Standard For Auditing Computer Applications
Authors: Martin A. Krist
2nd Edition
0849399831, 978-0849399831
