Anne wants to accumulate $25,000 by December 31, 2019. To accumulate that sum, she will make twelve equal quarterly deposits of $1,761.55 at the end of March, June, September, and December for the next three years, beginning on March 31, 2016, into a fund that earns interest compounded quarterly. What annual rate of interest must the fund provide to yield the desired sum?
A) 3%
B) 7%
C) 12%
D) 14%
Answer: C
Business
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Which of the following types of advertisements is likely to be more successful in transforming a person's negative attitude toward a product into a positive one?
a. Advertisements aimed at changing the person's deep-rooted values b. Advertisements emphasizing luxury c. Humorous advertisements d. Dramatic advertisements
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The term broker is typically applied to a sales corporation set up in a foreign country or U.S. possession that can obtain a corporate tax exemption on a portion of the earning generated by the sale or lease of export property.
a. true b. false
Business