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Floyd Ferris invested $3000 into an account five years ago and he made payments of 500 to the account at the end of each
Floyd Ferris invested $3000 into an account five years ago and he made payments of 500 to the account at the end of each quarter. Today his account has grown to have a balance of $15,927.50. Given that his account offered monthly of interest, the APR on this account is closest compounding to:
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Auditing A Practical Approach with Data Analytics
Authors: Raymond N. Johnson, Laura Davis Wiley, Robyn Moroney, Fiona Campbell, Jane Hamilton
1st edition
1119401747, 978-1119401742
