The owner of Sebastopol Tree Farm deposits $450 at the end of each quarter into an account paying 1.25% compounded quarterly. What is the value of the account at the end of 6 years? (Round your answer to the nearest cent.)
The owner of Sebastopol Tree Farm deposits $450 at the end of each quarter into an account paying 1.25% compounded quarterly. What is the value of the account at the end of 6 years? (Round your answer to the nearest cent.)
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 25P
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The owner of Sebastopol Tree Farm deposits $450 at the end of each quarter into an account paying 1.25% compounded quarterly. What is the value of the account at the end of 6 years? (Round your answer to the nearest cent.)
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