Mr. Smith made 24 monthly deposits of $250 into an account that earns 8 % compounded quarterly.

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Mr. Smith made 24 monthly deposits of $250 into an account that earns 8 % compounded quarterly. How much will be in the account three years after his last deposit?

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Engineering Economics

ISBN: 9780195168075

9th Edition

Authors: Ted G. Feller

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Posted Date: Jun 16, 2022 02:32 AM

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Mr. Smith made 24 monthly deposits of $250 into an account that earns 8 % compounded quarterly.

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Sol Monthly deposit 250 No of deposit 24 Annual interest rate 8 compounded q... View the full answer

Engineering Economics

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