How long was the money left in the account
Patricia inherited $25,000 and invests this amount in an account that earns 4% interest per year compounded quarterly. If her investment grows to $31,742.50, how long was the money left in the account?
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Burke Limited sold Machinery with a cost of $96,300 and accumulated depreciation of $54,200 for $32,500 cash. If Burke's income tax rate is 30%, the after-tax cash inflow from the sale of the machinery was:
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