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Peter is making quarterly contributions of of $300 to his savings account which pays interest at the APR of 8.2%, compounded quarterly. Right after Peter
Peter is making quarterly contributions of of $300 to his savings account which pays interest at the APR of 8.2%, compounded quarterly. Right after Peter makes his 40th contribution, the bank changes the APR to 6% and Peter makes 39 more $300 contributions.
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Using Financial Accounting Information The Alternative to Debits and Credits
Authors: Gary A. Porter, Curtis L. Norton
8th edition
1111534918, 978-1111534912
