Compound interest is computed quarterly on $700 for seven years at 12 percent annual interest. The future value table is used by multiplying the $700 by which factor?
a. 28 periods at 3 percent
b. 7 periods at 3 percent
c. 7 periods at 12 percent
d. 28 periods at 7 percent
A
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What will be an ideal response?
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Answer the following statement true (T) or false (F)
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