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For the Last Four Years Joe Thiesman Has Made Deposits

Question 15

Essay

For the last four years Joe Thiesman has made deposits of $300.00 at the end of every six months earning interest at 5.7% compounded semi-annually. If he leaves the accumulated balance for another ten years at 3.2% compounded quarterly, what will the balance be in Joe's account?

Correct Answer:

verifed

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FVn = 300.00 blured image = 300.0...

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