Reece's parents made a trust deposit of $500 on October 31, 2004, to be withdrawn on Reece's

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Reece's parents made a trust deposit of $500 on October 31, 2004, to be withdrawn on Reece's twenty-first birthday on July 31, 2025. What will be the value of the deposit on that date at 7% compounded quarterly?

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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0134141084

11th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, Ali R. Hassanlou, K. Suzanne Coombs

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Question Posted: Nov 29, 2017 06:46 AM

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Reece's parents made a trust deposit of $500 on October 31, 2004, to be withdrawn on Reece's

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7 PV 50000 IY 7 CY 4 i 4 July 31 2025 c...View the full answer

Contemporary Business Mathematics with Canadian Applications

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