Solved: If money can be deposited at 8 compounded quarterly find, Mathematics

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If money can be deposited at 8 compounded quarterly find

An investment of $13,335 earns 6% interest compounded monthly for 3 years. (a) What is the value of the investment after 3 years? (b) If money can be deposited at 8% compounded quarterly, find the present value of the investment. Round to the nearest cent.

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Mathematics: If money can be deposited at 8 compounded quarterly find

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