Dr. Sisters has been secretly depositing $10,500 in her savings account every December starting in 1994. Her
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Dr. Sisters has been secretly depositing $10,500 in her savings account every December starting in 1994. Her account earns 6 percent compounded annually. How much did she have in December 2005? (Assume a deposit is made in 2005.) Make sure to carefully count the years.
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Related Book For
Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
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