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For this question, you should type which formula you should use (simple, compound, annuity, payout annuity, loan). You should also tell me which variable
For this question, you should type which formula you should use (simple, compound, annuity, payout annuity, loan). You should also tell me which variable you will solving for, and you should type your final answer to two decimal places. ALL OTHER WORK MUST BE ON PAPER YOU SEND TO ME so I can see you substituted into the equation properly and the steps you took to solve. You deposit $2200 in an account earning 3.8% interest compounded quarterly. a. How much will you have in the account in 15 years? b. How much interest will you earn?
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Formula Compound interest formula Variables P 2200 principal amount r 38 or 0038 annual interest ...Get Instant Access to Expert-Tailored Solutions
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Intermediate Accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
6th edition
978-0077328894, 71313974, 9780077395810, 77328892, 9780071313971, 77395816, 978-0077400163
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