Question
An amount of X dollars is placed in an account which caries an annual interest rate of 4.8% compounded quarterly for the first 10 years
An amount of X dollars is placed in an account which caries an annual interest rate of 4.8% compounded quarterly for the first 10 years and an annual discount rate of 4.8% convertible monthly for the next 10 years. The value of this account 20 years after inception is $20000. Find X. Please show all work and do not use excel. Quick response = thumbs up.
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Advanced Digital Auditing Theory And Practice Of Auditing Complex Information Systems And Technologies
Authors: Egon Berghout, Rob Fijneman, Lennard Hendriks, Mona De Boer, Bert-Jan Butijn
1st Edition
3031110889, 978-3031110887
