Kimberly Ford invested $10,000 10 years ago at 16 percent, compounded quarterly. How much has she accumulated?

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Kimberly Ford invested $10,000 10 years ago at 16 percent, compounded quarterly. How much has she accumulated? Use n= 40 and I = 4% since its quarterly. If we used n=10 and I =16%, what would the accumulation be?

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Foundations of Financial Management

ISBN: 978-0077454432

14th edition

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen

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Question Posted: Feb 15, 2018 07:43 AM

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Kimberly Ford invested $10,000 10 years ago at 16 percent, compounded quarterly. How much has she accumulated?

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a Quarterly interest rate 016 4 004 N...View the full answer

Foundations of Financial Management

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