If you promise to leave $35,000 on deposit at the Dime Savings Bank for four years, the
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If you promise to leave $35,000 on deposit at the Dime Savings Bank for four years, the bank will give you a new car. a GM Geo. today and your $35,000 back at the end of four years. How much are you paying today for the car, in effect, if the bank pays other customers 8 percent interest compounded quarterly (2 percent paid four times per year)?
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Related Book For 
Financial Accounting An Introduction To Concepts Methods And Uses
ISBN: 9780030259623
9th Edition
Authors: Clyde P. Stickney, Roman L. Weil
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