Question
If you make quarterly deposits of $585.00 into an ordinary annuity earning an annual interest rate of 6.16%, how much will be in the account
If you make quarterly deposits of $585.00 into an ordinary annuity earning an annual interest rate of 6.16%, how much will be in the account after 7 years? How much interest did you earn in those 7 years? How much is in the account after 7 years? How much interest was earned after 7 years?
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Business Forecasting
Authors: John E. Hanke, Dean Wichern
9th edition
132301202, 978-0132301206
