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Lada Lada
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Posts: 357
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6 years ago
Jack Chen makes deposits of $415.00 at the beginning of every three months. Interest earned by the deposits is 4.12% compounded quarterly.
a) What will the balance in Jack's account be after eight years?
b) How much of the balance will Jack have contributed?
c) How much of the balance is interest?
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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SupremeSupreme
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6 years ago
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