Question
An amount is deposited for fifteen years at 4%. If compounding occurs quarterly, then the table value is found at A. 1% for fifteen periods.
An amount is deposited for fifteen years at 4%. If compounding occurs quarterly, then the table value is found at
A. 1% for fifteen periods.
B. 1% for 60 periods.
C. 4% for 60 periods.
D. 4% for fifteen periods
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Mathematical Applications for the Management Life and Social Sciences
Authors: Ronald J. Harshbarger, James J. Reynolds
11th edition
9781337032247, 9781305465183, 1305108043, 1337032247, 1305465180, 978-1305108042
