$ 143 is placed in an account that earns a nominal 8 percent interest, compounded quarterly. Calculate its worth in 8 years. Use 2 decimal places for your final answer.

EBK CFIN
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ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter4: Time Value Of Money
Section: Chapter Questions
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21. $ 143 is placed in an account that earns a nominal 8 percent interest, compounded quarterly. Calculate its worth in 8 years. Use 2 decimal places for your final answer.

 
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