If compounding changes from quarterly to weekly for a $100 investment earning 8 percent per annum, the
Question:
If compounding changes from quarterly to weekly for a $100 investment earning 8 percent per annum, the future value at the end of 5 years will (select from the answers below)
a. Increase
b. Decrease
c. Stay the same
d. Cannot tell from the information given
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Related Book For
Financial Management for Public, Health and Not-for-Profit Organizations
ISBN: 978-1506326849
5th edition
Authors: Steven A. Finkler, Daniel L. Smith, Thad D. Calabrese, Robert M. Purtell
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