Payments of $375 made every 3 months are accumulated at 3.75% compounded monthly. What is their amount

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Payments of $375 made every 3 months are accumulated at 3.75% compounded monthly. What is their amount after 8 years if the payments are made?
(a) At the end of every 3 months?
(b) At the beginning of every 3 months?

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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 04:07 AM

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Payments of $375 made every 3 months are accumulated at 3.75% compounded monthly. What is their amount

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a PMT 37500 i 03125 n 32 c 124 3 p 10031253 1 1009404 1 09404 Set PY ...View the full answer

Contemporary Business Mathematics with Canadian Applications

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