2. How much does John need to have in his account now so that he will...
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2. How much does John need to have in his account now so that he will have $3,500 in 21 months (a) if the account earning 5% simple interest. (b) if the account is earning 5% interest compounded quarterly. 2. How much does John need to have in his account now so that he will have $3,500 in 21 months (a) if the account earning 5% simple interest. (b) if the account is earning 5% interest compounded quarterly.
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a If the account is earning 5 simple interest we can use the formula for simple interest Simple Inte... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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