Keys Company has targeted to build up a fund of $50 000. If $10 000 is deposited

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Keys Company has targeted to build up a fund of $50 000. If $10 000 is deposited at the end of every six months, and the fund earns interest at 4% compounded quarterly, how long will it take to reach the target?

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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 04:00 AM

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Keys Company has targeted to build up a fund of $50 000. If $10 000 is deposited

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Contemporary Business Mathematics with Canadian Applications

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