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Question # 00045637
Subject: Accounting
Due on: 01/31/2015
Posted On: 01/31/2015 10:36 PM

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Suppose you put $200 into a savings account today, the account pays a nominal annual interest rate of 6 percent, but compounded quarterly, and you withdraw $200 after 3 months. What would your ending balance be 10 years after the initial $200 deposit was made

Tags value future account ending months balance withdraw years deposit initial quarterly percent pays today savings nominal annual suppose rate compounded

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Preview: the xxx of x months:200 (1+0 xxxxx -200 = xxxxxx.....
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