In how many years will it take $17804accumulate to $33482 when you deposited in a savings account that earns 3% compounded annually? - A debt of $15,000 was paid for as follows: $4,000 at the end of 3 months, $5,000 at the end of 12 months, $3,000 at the end of 15 months, and a final payment F at the end of 21 months. If the rate of interest was 18% compounded quarterly., find the final payment F.
In how many years will it take $17804accumulate to $33482 when you deposited in a savings account that earns 3% compounded annually? - A debt of $15,000 was paid for as follows: $4,000 at the end of 3 months, $5,000 at the end of 12 months, $3,000 at the end of 15 months, and a final payment F at the end of 21 months. If the rate of interest was 18% compounded quarterly., find the final payment F.
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 1P
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- In how many years will it take $17804accumulate to $33482 when you deposited in a savings account that earns 3% compounded annually?
- A debt of $15,000 was paid for as follows: $4,000 at the end of 3 months, $5,000 at the end of 12 months, $3,000 at the end of 15 months, and a final payment F at the end of 21 months. If the rate of interest was 18% compounded quarterly., find the final payment F.
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