$1,000 beginning of the quarter deposits will be made into an account for 19 years and 3 months. What was the interest rate compounded quarterly associated with the account if there was $180, 609.96 in the account at the end of the 19 ¼ years?
$1,000 beginning of the quarter deposits will be made into an account for 19 years and 3 months. What was the interest rate compounded quarterly associated with the account if there was $180, 609.96 in the account at the end of the 19 ¼ years?
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
ChapterM: Time Value Of Money Module
Section: Chapter Questions
Problem 2E: Future Value Hugh Colson deposited 20,000 in a special savings account that provides for interest at...
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$1,000 beginning of the quarter deposits will be made into an account for 19 years and 3 months. What was the interest rate compounded quarterly associated with the account if there was $180, 609.96 in the account at the end of the 19 ¼ years?
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