At a certain interest rate compounded quarterly, 1000 will amount to 4500 in 15 years. What is the amount in 10 years?
At a certain interest rate compounded quarterly, 1000 will amount to 4500 in 15 years. What is the amount in 10 years?
Engineering Fundamentals: An Introduction to Engineering (MindTap Course List)
5th Edition
ISBN:9781305084766
Author:Saeed Moaveni
Publisher:Saeed Moaveni
Chapter20: Engineering Economics
Section: Chapter Questions
Problem 4P
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At a certain interest rate compounded quarterly, 1000 will amount to 4500 in 15 years. What is the amount in 10 years?
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