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write the formula abbreviation used 1) Two partners agree to invest equal amounts in their business. One will contribute $10,000 immediately. The other plans to
write the formula abbreviation used
1) Two partners agree to invest equal amounts in their business. One will contribute $10,000 immediately. The other plans to contribute an equivalent amount in 3 years, when she expects to receive a large sum of money. How much should she contribute at that time to match her partner's investment, assuming an interest rate of 4.8% compounded quarterlyStep by Step Solution
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