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2) Find the compound amount and compound interest for the following investments. Format the compound amount and compound interest as currency with two decimal
2) Find the compound amount and compound interest for the following investments. Format the compound amount and compound interest as currency with two decimal places. Time Period Nominal Annual Rate Principal (years) (%) Interest Compounded Compound Compound Amount Interest $5,000 $8,000 23 2 9% 3 8% annually semiannually $1,000 8 2.5% monthly $4,200 2.5 5.3% quarterly
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International Financial Management
Authors: Geert Bekaert, Robert J. Hodrick
2nd edition
013299755X, 132162768, 9780132997553, 978-0132162760
