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what formula is correct? 4. In order to accumulate $15,500 at the end of eight years, Paul makes equal deposits at the end of each
what formula is correct?
4. In order to accumulate $15,500 at the end of eight years, Paul makes equal deposits at the end of each quarter into an account, which pays 2.1% interest compounded semiannually. The size of each semiannual payment is: 0.0105 a. $15,500 1-1.0105-16 b. $15,500 0.0105 101056 - 1 c. $15,500 0.0105 1.0105 1.01056 - 1 d. $15,500 0.0105 1.0105 1-1.0105-16 Step by Step Solution
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