An amount is deposited for fifteen years at 4%. If compounding occurs quarterly, then the table value

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An amount is deposited for fifteen years at 4%. If compounding occurs quarterly, then the table value is found at

A. 1% for fifteen periods.

B. 1% for 60 periods.

C. 4% for 60 periods.

D. 4% for fifteen periods

Related Book For answer-question

Mathematical Applications for the Management Life and Social Sciences

ISBN: 978-1305108042

11th edition

Authors: Ronald J. Harshbarger, James J. Reynolds

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Posted Date: May 09, 2022 07:13 AM

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An amount is deposited for fifteen years at 4%. If compounding occurs quarterly, then the table value

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B 1 for 60 periods Answe... View the full answer

Mathematical Applications for the Management Life and Social Sciences

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