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Find the final amount in the following retirement account, in which the rate of return on the account and the regular contribution change over time.
Find the final amount in the following retirement account, in which the rate of return on the account and the regular contribution change over time. $1100 per quarter invested at 4.8%, compounded quarterly, for 10 years; then 1600$ per quarter invested at 6.1%, compounded quarterly, for 16 years
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Contemporary Issues In Development Finance
Authors: Joshua Yindenaba Abor, Robert Lensink, Charles Komla Delali Adjasi
1st Edition
1138324329, 978-1138324329
