Question
Kathryn deposits 100 into account at the beginning of each 4-year period for 40 years. The account credits interest at an annual effective interest rate
Kathryn deposits 100 into account at the beginning of each 4-year period for 40 years. The account credits interest at an annual effective interest rate of 7.1773%. What is the accumulated amount in the account at the end of 40 years?
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Advanced Accounting
Authors: Gail Fayerman
1st Canadian Edition
9781118774113, 1118774116, 111803791X, 978-1118037911
