Question
Your friend deposited some money into an account that pays 5.9% interest compounded quarterly . After 7 years, your friend has $13,000. How much did
Your friend deposited some money into an account that pays 5.9% interest compounded quarterly. After 7 years, your friend has $13,000. How much did your friend originally deposit? (Round to the nearest cent, if needed.)
My friend originally deposited $
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Financial Management Theory And Practice
Authors: Eugene Brigham, Michael Ehrhardt, Jerome Gessaroli, Richard Nason
3rd Canadian Edition
017658305X, 978-0176583057
