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Problem 9-22 (calculator version) Cousin Berta invested $140,000 fourteen years ago at 8 percent, compounded quarterly. a. How much has she accumulated? (Use a Financial

Problem 9-22 (calculator version)

Cousin Berta invested $140,000 fourteen years ago at 8 percent, compounded quarterly.

a.How much has she accumulated?(Use a Financial calculator to arrive at the answer. Round the final answer to the nearest whole dollar.)

Future value$

b.What is her effective annual interest rate (rate of return)?(Use a Financial calculator to arrive at the answer. Round the final answer to 2 decimal places.)

Effective annual interest rate

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