Question
The Glendon Contractors, Inc., are saving $2000 at the end of every 3 months in order to purchase a new paving machine in six years.
The Glendon Contractors, Inc., are saving $2000 at the end of every 3 months in order to purchase a new paving machine in six years. Their savings certificates pay 6% p.a. compounded quarterly. How much will be the total interest earned?
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Entrepreneurial Finance Concepts And Cases
Authors: Miranda S. Lam, Gina Vega
1st Edition
1138013609, 978-1138013605
