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1.2 A trust fund of $5 000 was created on March 15, 1935 which bore interest at 4%, compounded semiannually, until March 15, 1945.
1.2 A trust fund of $5 000 was created on March 15, 1935 which bore interest at 4%, compounded semiannually, until March 15, 1945. Since that time it has earned interest at a rate of (3%, m = 4). What was the value of the fund at the end of March 15, 1946?
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Financial Reporting Financial Statement Analysis And Valuation A Strategic Perspective
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
9th Edition
1337614689, 1337614688, 9781337668262, 978-1337614689
