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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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