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To compound $100 quarterly for 20 years at 8%, we must use Question 11 options: A) 5 periods at 12%. B) 40 periods at 4%.
To compound $100 quarterly for 20 years at 8%, we must use Question 11 options: A) 5 periods at 12%. B) 40 periods at 4%. C) 10 periods at 4%. D) 80 periods at 2%.
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