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Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
Edition 7ISBN: 978-0073376301Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
Edition 7ISBN: 978-0073376301 Exercise 73
An engineer who is saving for her retirement plans to deposit $500 every quarter, starting one quarter from now, into an investment account. If the account pays interest at 6% per year, compounded semiannually, the total she will have at the end of 25 years is closest to:
A) $50,000
B) $56,400
C) $79,700
D) $112,800
A) $50,000
B) $56,400
C) $79,700
D) $112,800
Explanation
Verified
Verified
A is annual payment,
n is number of yea...
Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
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