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Home Q & A Board Science-Related Homework Help Mathematics
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Lada Lada
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6 years ago
Musa's parents deposited $20,000 in a long-term savings account as a wedding expenditure for their grand daughter at her birth, expecting to triple by the time she gets married at the age of 22. Calculate the rate of return compounded monthly for the savings account.
A) 4.17%
B) 0.417%
C) 0.5%
D) 5%
E) 0.05%
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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josanjosan
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6 years ago
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4 years ago
thanks
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