Suppose christopher beasley deposited

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Suppose Christopher Beasley deposited a $1,000 in a bank that pays him 8% compounded quarterly. How much will the bank owe him at the end of one year and then the 2^nd year? The Wendell's son will need $17,000 in 5 years to help pay for his college education. What lump sum, deposited today at 7% compounded quarterly. How much must they deposit today to meet their education goal?

Reference no: EM131133900

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Suppose christopher beasley deposited : Suppose Christopher Beasley deposited a $1,000 in a bank that pays him 8% compounded quarterly. How much will the bank owe him at the end of one year and then the 2^nd year? The Wendell's son will need $17,000 in 5 years to help pay for his colleg..

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