Ellen wants to make quarterly deposits of $1000 into a savings account that offers 1.4% interest compounded
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Ellen wants to make quarterly deposits of $1000 into a savings account that offers 1.4% interest compounded quarterly. How long will it take for the balance to grow to $15,000?
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Here we will use the formula APert Where A15000 is the amountP10000 is the principalr14001...View the full answer
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Related Book For
Financial Algebra Advanced Algebra With Financial Applications
ISBN: 9781337271790
2nd Edition
Authors: Robert Gerver, Richard J. Sgroi
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