Suppose that P 4500 is deposited each year into a bank account that pays 8% interest compounded

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Suppose that P 4500 is deposited each year into a bank account that pays 8% interest compounded quarterly. How much would be accumulated in his fund by the end of the 4th year? The first payment occurs at time zero (now).

Answer must be rounded off to two (2) decimal places. Do not include the sign in your answer.________________________.

Related Book For answer-question

Principles of environmental science inquiry and applications

ISBN: 978-1259656415

7th edition

Authors: William P. Cunningham, Mary Ann Cunningham

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Posted Date: Mar 21, 2022 06:38 AM

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Suppose that P 4500 is deposited each year into a bank account that pays 8% interest compounded

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Principles of environmental science inquiry and applications

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