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billyd1996 billyd1996
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5 years ago
Anne wants to accumulate $30,000 by December 31, 2019. To accumulate that sum, she will make twelve equal quarterly deposits of $2113.86 at the end of March, June, September, and December for the next three years, beginning on March 31, 2016, into a fund that earns interest compounded quarterly. What annual rate of interest must the fund provide to yield the desired sum?
A) 3%
B) 4%
C) 12%
D) 7%
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Intermediate Accounting

Intermediate Accounting


Edition: 1st
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ItsMackeeeyItsMackeeey
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billyd1996 Author
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#2
5 years ago
Enough said, this helped my grade so much
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#3
5 years ago
Perfect
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