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For a sum of money invested at 22% compounded quarterly for 18 years, state: a. The number of compounding periods. n = b. The periodic

For a sum of money invested at 22% compounded quarterly for 18 years, state:

a. The number of compounding periods.

n =

b. The periodic interest rate (i).

i =

Round to two decimal places

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

Round to six decimal places.

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