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Problem 9-22 (calculator version) Cousin Berta invested $170,000 eleven years ago at 12 percent, compounded quarterly. a. How much has she accumulated? (Use a Financial
Problem 9-22 (calculator version) Cousin Berta invested $170,000 eleven years ago at 12 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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