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4) A person makes an initial deposit of $5,000 into an account earning an effective annual compound interest rate of i f
Posted: Sun Jul 03, 2022 1:00 pm
by answerhappygod
- 4 A Person Makes An Initial Deposit Of 5 000 Into An Account Earning An Effective Annual Compound Interest Rate Of I F 1 (20.97 KiB) Viewed 14 times
4) A person makes an initial deposit of $5,000 into an account earning an effective annual compound interest rate of i for each full year money is in the account, and earning a simple annual interest rate of 6% for fractions of years that money is in the account. The money in the account is fully withdrawn once the account hits $15,000, which occurs 10 months into the 12th year. Find i.