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ou make quarterly deposits of uch interest did you earn in those 9 years? ow much is in the account after 9 years? $ ow much Interest was earned after 9 years? $ 9.00 into an ordinary annuity earning an an

ou make quarterly deposits of uch interest did you earn in those 9 years? ow much is in the account after 9 years? $ ow much Interest was earned after 9 years? $ 9.00 into an ordinary annuity earning an an

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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f you make quarterly deposits of $499.00 into an ordinary annuity earning an annual interest rate of 5.71%, how much will be in the account after 9 years? How much interest did you earn in those 9 years? How much is in the account after 9 years? $ How much interest was earned after 9 years? $
Transcribed Image Text:f you make quarterly deposits of $499.00 into an ordinary annuity earning an annual interest rate of 5.71%, how much will be in the account after 9 years? How much interest did you earn in those 9 years? How much is in the account after 9 years? $ How much interest was earned after 9 years? $
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