Accumulate $1300 at 8.5% compounded monthly from March 1, 2020, to July 1, 2022, and thereafter at

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Accumulate $1300 at 8.5% compounded monthly from March 1, 2020, to July 1, 2022, and thereafter at 8% compounded quarterly. What is the amount on April 1, 2025?

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Contemporary Business Mathematics With Canadian Applications

ISBN: 9780135285015

12th Edition

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

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Question Posted: Oct 27, 2020 07:07 AM

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Accumulate $1300 at 8.5% compounded monthly from March 1, 2020, to July 1, 2022, and thereafter at

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The monthly compound interest formula is used to find the compound intere...View the full answer

Contemporary Business Mathematics With Canadian Applications

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