Gold Door Credit Bank is offering 9.3 percent compounded daily on its savings accounts. If you deposit

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Gold Door Credit Bank is offering 9.3 percent compounded daily on its savings accounts. If you deposit $4,500 today, how much will you have in the account in 5 years? In 10 years? In 20 years?

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Fundamentals of corporate finance

ISBN: 978-0073382395

9th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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Question Posted: Dec 16, 2016 01:47 PM

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Gold Door Credit Bank is offering 9.3 percent compounded daily on its savings accounts. If you deposit

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For this problem we simply need to find the FV of a lump sum using the equation FV PV 1 r ...View the full answer

Fundamentals of corporate finance

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