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Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
Edition 8ISBN: 978-1305585454Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
Edition 8ISBN: 978-1305585454 Exercise 82
To establish a "rainy day" cash reserve account, Bonanza Industries deposits $10,000 of its profit at the end of each quarter into a money market account that pays 1.75% interest compounded quarterly.
a. How much will the account be worth in 3 years
b. How much will the account be worth in
years
a. How much will the account be worth in 3 years
b. How much will the account be worth in
yearsExplanation
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Calculating the future value of an ordin...
Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
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