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Tony Bautista needs $25,000 in 4 years. What amount must he invest if his investment earns 12% annual interest compounded quarterly (4 times a year)?
Tony Bautista needs $25,000 in 4 years. What amount must he invest if his investment earns 12% annual interest compounded quarterly (4 times a year)? (Round answers to 2 decimal places, e.g. 12,350.25.) Thank you and I will be sure to leave positive feedback
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Financial and Managerial Accounting
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
3rd edition
978-1-119-3916, 1119392132, 1119392136, 9781119391609, 1119391601, 978-1119392132
