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What is the effective quarterly interest rate considering a 6% APR compounded continuously? 5.127% 3.872% 1.511% 4.603% QUESTION 14 Consider a series in which
What is the effective quarterly interest rate considering a 6% APR compounded continuously? 5.127% 3.872% 1.511% 4.603% QUESTION 14 Consider a series in which you deposit $1000 every year for 15 years with an annual increase of $500. What is the future wor at the end of this series? Consider an interest rate of 6%. $92,242.39 $28,777.28 $9,712 $38,489.52
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