Question
3) If 43,600 dollars is invested at an interest rate of 7 percent per year, find the value of the investment at the end of
3) If 43,600 dollars is invested at an interest rate of 7 percent per year, find the value of the investment at the end of 5 years for the following compounding methods.
(a) Annual:
(b) Semiannual:
(c) Monthly:
(d) Daily:
(e) Continuously:
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The Handbook Of Financing Growth
Authors: Kenneth H. Marks, Larry E. Robbins, Gonzalo Fernandez, John P. Funkhouser, D. L. Williams
2nd Edition
0470390158, 978-0470390153
