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Assume you make a deposit of 7,500 JD now into a saving account that pays 12% per year, compounded quarterly. If you want to know
Assume you make a deposit of 7,500 JD now into a saving account that pays 12% per year, compounded quarterly. If you want to know the total amount after 2 years, the value of interest rate (i) you should use in the F/P factor is:
Select one:
a. 24%
b. 12%
c. 3%
d. 4%
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