At the end of each quarter, Andrews Machinery pays $4000 into an account to fund a charity

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At the end of each quarter, Andrews Machinery pays $4000 into an account to fund a charity event. If interest earned on the account is 1.95% compounded annually, how much would the account balance be in five years?

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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 03:58 AM

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At the end of each quarter, Andrews Machinery pays $4000 into an account to fund a charity

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Contemporary Business Mathematics with Canadian Applications

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