Question
Suppose $333 is deposited at the end of every three months into an account earning 7.4% per annum compounded annually. If the balance in
Suppose $333 is deposited at the end of every three months into an account earning 7.4% per annum compounded annually. If the balance in the account is to be $10,800, how many deposits are needed? The number of deposits needed is
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Contemporary Business Mathematics with Canadian Applications
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
10th edition
133052311, 978-0133052312
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