Your bank pays 2.5% interest per year. You put $1000 in the bank today and $500 more

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Your bank pays 2.5% interest per year. You put $1000 in the bank today and $500 more in the bank in one year. How much will you have in the bank in 2 years?

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Fundamentals of Corporate Finance

ISBN: 978-0321818171

2nd Canadian edition

Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford

Question Posted: Jan 05, 2019 12:41 PM

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Your bank pays 2.5% interest per year. You put $1000 in the bank today and $500 more

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Fundamentals of Corporate Finance

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