hphavorachit11
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  • 13-11-2018
  • Business
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672 deposited at the beginning of each quarter for 7 years; money earns 5% compounded monthly

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hb36
hb36 hb36
  • 13-11-2018
A(7)=672(1+.05/4)^4(7)
A(7)=$951.55
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