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The future value function for a periodic investment x every quarter for 10 years at an interest rate of 2% is B=40.02x((1+40.02)401). Determine the amount
The future value function for a periodic investment x every quarter for 10 years at an interest rate of 2% is B=40.02x((1+40.02)401). Determine the amount of a periodic investment that would yield close to $10,000 in the account at the end of the 10 years. A. $226.45 B. $250.00 C. $275.00 D. $230.15
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