40. Suppose you currently have $5000 in your savings account, and your bank pays inter- est at...
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40. Suppose you currently have $5000 in your savings account, and your bank pays inter- est at a rate of 0.5% per month. If you make no further deposits or withdrawals, how much will you have in the account in five years?
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Related Book For
Fundamentals Of Corporate Finance
ISBN: 9781292018409
3rd Global Edition
Authors: Berk, Peter DeMarzo, Jarrad Harford
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