You just deposited $16,000 in a bank account that pays a 4.0% nominal interest rate,...
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Accounting
You just deposited $ in a bank account that pays a nominal interest rate, compounded quarterly. If you also add another $ to the account one year quarters from now and another $ to the account two years quarters from now, how much will be in the account three years quarters from now?
You just deposited $ in a bank account that pays a nominal interest rate, compounded quarterly. If you also add another $ to the account one year quarters from now and another $ to the account two years quarters from now, how much will be in the account three years quarters from now?
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