Using the compound interest tables, answer the following questions.
Required:
-a. How much will be accumulated on January 1, 2018 if is deposited on January 1, 2014, andinterest is compoumded annually at ?
b. How much vill be accumulated on December 31,2024 if is deposited on December 31,2014, and the fumd pays interest compounded semiancaally?
c. What will he on deposit on January 1, 2019 if is deposited on January 1, 2014, in a fund that earns I interest compounded quarterly?
Correct Answer:
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