Solve by using compound table: (Round your answer to the nearest cent.) Principal Rate Time $ 15,000 12% 4 Years When Compounded Quarterly Total Amount

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
ChapterA3: Time Value Of Money
Section: Chapter Questions
Problem 3CE
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Solve by using compound table: (Round your answer to the nearest cent.)
Principal
Rate
Time
$
15,000
12%
4 Years
When
Compounded
Quarterly
Total Amount
Transcribed Image Text:Solve by using compound table: (Round your answer to the nearest cent.) Principal Rate Time $ 15,000 12% 4 Years When Compounded Quarterly Total Amount
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