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Hello could I get some help on this problem, I am stuck on what to do. Thanks!


An amount is

deposited into a bank account that pays 8%, compounded quarterly for 5 years. What number of periods and rate would be used to find the future value of this investment?

     a. 20 periods at 2 percent            c. 10 periods at 4 percent

     b. 5 periods at 8 percent                              d. 20 periods at 4 percent

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