Question
1A. What is the total future value six years from now of $80 received today, if the interest rate is 6%, assuming monthly compounding? 1B.
1A.
What is the total future value six years from now of $80 received today, if the interest rate is 6%, assuming monthly compounding?
1B.
You have $100,000 to invest. Your bank offers three-year certificates of deposit with a deposit stated rate of 3.50% compounded quarterly. How much do you have at the maturity of the CD?
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TExES Business And Finance Secrets Study Guide
Authors: TExES Exam Secrets Test Prep Team
1st Edition
1516706862, 978-1516706860
