rew deposited $1000 in a savings account that pays 8% interest co. quarterly, planning to use it to finish the last year of college. Eighteen (18) months later, Drew decided to go to the Rocky Mountains to become a ski instructor rather than continue in school, so Drew closed out the account. How
rew deposited $1000 in a savings account that pays 8% interest co. quarterly, planning to use it to finish the last year of college. Eighteen (18) months later, Drew decided to go to the Rocky Mountains to become a ski instructor rather than continue in school, so Drew closed out the account. How
Chapter6: Business Expenses
Section: Chapter Questions
Problem 68P
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Drew deposited $1000 in a savings account that pays 8% interest co. quarterly, planning to use it to finish the last year of college. Eighteen (18) months later, Drew decided to go to the Rocky Mountains to become a ski instructor rather than continue in school, so Drew closed out the account. How much money will Drew receive?
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