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Based on the following information: You will save amount of money at the end of every three months The interest rate is 10% compounded quarterly,
Based on the following information:
- You will save amount of money at the end of every three months
- The interest rate is 10% compounded quarterly,
- Your periodical savings will be accumulated to $475,000
- over the period of 20 years
Calculate quarterly saving?
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
13th edition
1439078106, 111197375X, 9781439078105, 9781111973759, 978-1439078099
