For how long must contributions of $1600 be made at the beginning of each year to accumulate

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For how long must contributions of $1600 be made at the beginning of each year to accumulate to $96 000 at 10% compounded quarterly?

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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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Question Posted: Feb 26, 2016 04:03 AM

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For how long must contributions of $1600 be made at the beginning of each year to accumulate

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FV due 96 00000 PMT 160000 i 25 c 41 4 p 1025 4 1 1103813 1 10...View the full answer

Contemporary Business Mathematics with Canadian Applications

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