Answered: Keeler's Fabrication sets aside…

Keeler's Fabrication sets aside $4900.00 at the beginning of every three months in a fund to replace equipment. If interest is 10% compounded annually, how much will be in the fund after 9 years?

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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Q: in

Q: compounded

Question

Keeler's Fabrication

sets aside

$4900.00

at the beginning of every

three months

in a fund to replace equipment. If interest is

10%

compounded

annually,

how much will be in the fund after

years?

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