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For a sum of money invested at 15% compounded quarterly for 14 years, state: a. The number of compounding periods. n= b. The periodic interest

For a sum of money invested at 15% compounded quarterly for 14 years, state:

a. The number of compounding periods. n=

b. The periodic interest rate (i). i=

c. The numerical value of the compounding factor (1 + i)n.

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