Michaela has saved $400 per month for the last three years in savings account earning 0.5% compounded
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Michaela has saved $400 per month for the last three years in savings account earning 0.5% compounded annually. If he plans to leave the accumulated savings for 5 years in the saving account at 6% of interest compounded quarterly, how much interest will be earned?
Related Book For
Federal Taxation 2016 Comprehensive
ISBN: 9780134104379
29th edition
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
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