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March 4, 2015

March 4, 2015

Posted by **Jake** on Thursday, April 26, 2012 at 2:50pm.

- math -
**Reiny**, Thursday, April 26, 2012 at 3:18pmthe time of 11.6 years is unusual in a question when the interest period is in "quarter years"

11.6 years would be 11.6(4) or 46.4 quarters

amount = 500(1.02)^46.4 = 1253.19

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