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Your grandmother deposited $100 in a savings account for you 25 years ago. The money has been earning an annual rate of 12% interest,
Your grandmother deposited $100 in a savings account for you 25 years ago. The money has been earning an annual rate of 12% interest, compounded quarterly. How much money is now in the account? a) $209 b) $4,165 c) $1,700 d) $5,051 e) $1,922
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Principles of Finance
Authors: Scott Besley, Eugene F. Brigham
6th edition
9781305178045, 1285429648, 1305178041, 978-1285429649
