Question: Award: 5 . 0 0 points Problem 9 - 2 5 ( Algo ) Quarterly compounding [ LO 9 - 5 ] Juan Garza invested

Award:

5.00

points

Problem

9 - 25 (

Algo

)

Quarterly compounding

[

9 - 5]

Juan Garza invested $

114, 00010

years ago at

8

percent, compounded quarterly. How much has he accumulated? Use Appendix A for an approximate answer but calculate your final answer using the formula and financial calculator methods. Note: Do not round intermediate calculations. Round your final answer to

2

decimal places.

Future value

Award: 5.00 points Problem 9-25(Algo) Quarterly compounding [LO9-5] Juan Garza invested

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