Question
Barry received an inheritance of $67,000 from his fathers estate, which took three years to clear probate. If the estate earned 8.5% compounded quarterly, how
Barry received an inheritance of $67,000 from his father’s estate, which took three years to clear probate. If the estate earned 8.5% compounded quarterly, how much was the inheritance worth at the time of Barry’s father’s death?
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Bank Management
Authors: Timothy W. Koch, S. Scott MacDonald
8th edition
1133494684, 978-1305177239, 1305177231, 978-1133494683
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