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Lada Lada
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6 years ago
What is the future value of payments of $230.00 made at the end of every three months in twenty-one years if interest is 7.65% compounded annually?
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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wrote...
6 years ago
PMT = 230, i = 0.0765 , n = 21 × 4 = 84, c = 
p =   - 1 = 0.0185996
FVg = 230.00  = 230.00(199.0432233) = $45 779.94
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