Question
McKinnon's Machinery sets aside $4200.00 at the beginning of every three months in a fund to replace equipment. If interest is 3% compounded monthly, how
McKinnon's Machinery sets aside $4200.00 at the beginning of every three months in a fund to replace equipment. If interest is 3% compounded monthly, how much will be in the fund after 10 years
The fund will be worth $
((Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed)
(answer is not 5667.28)
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Accounting For Non-Accountants
Authors: David Horner
10th Edition
0749472812, 978-0749472818
