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You decided to invest a sum of money in a retirement account with a fixed annual interest rate of 3% compounded 4 times per year. After 15 years, the balance reaches $2,537.97. What was the amount of the initial investment? You decided to invest a sum of money in a retirement account with a fixed annual interest rate of 3% compounded 4 times per year. After 15 years, the balance reaches $2,537.97. What was the amount of the initial investment?
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Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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