Mitchmorgan8516 Mitchmorgan8516

14-03-2024
Business

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If the interest is 15% compounded quarterly, what is the amount that will be accumulated in a sinking fund at the end of 10 years if $100 is deposited in the fund at the beginning of each of the 10 years? The amount is closest to
a.$1867.34
b.$2027.56
c.$2454.88
d.$2943.12

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