Eighteen years ago, Mr Chan started a savings account for his daughter so that she would receive $25 000 on her eighteenth birthday. What was the original principal if a 10% pa rate of interest compounded quarterly applied at the time of the deposit? OA. $4224.95 B. $4163.41 OC. $4133.49 OD. $4496.46
Eighteen years ago, Mr Chan started a savings account for his daughter so that she would receive $25 000 on her eighteenth birthday. What was the original principal if a 10% pa rate of interest compounded quarterly applied at the time of the deposit? OA. $4224.95 B. $4163.41 OC. $4133.49 OD. $4496.46
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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