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Scott invested $33169 into a technology development fund. Five years later, the fund matured and Scott received $50438. To find the quarterly compounded rate
Scott invested $33169 into a technology development fund. Five years later, the fund matured and Scott received $50438. To find the quarterly compounded rate of interest what value of m is used? Answer: n Scott invested $33169 into a technology development fund. Five years later, the fund matured and Scott received $50438. What quarterly compounded rate of interest did Scott earn during the investment period of the fund? (to 3 decimal places) (do not include the % sign in the answer Answer:
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To find the quarterly compounded rate of interest we use the compound interest formula A P 1 r n n t ...
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Financial Management In The Public Sector Tools Applications And Cases
Authors: Xiaohu Wang
3rd Edition
0765636891, 9780765636898
