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5- Julia plan to put $15,000 in a savings plan for 5 years. How much will Julia have at the end of 5 years with
5- Julia plan to put $15,000 in a savings plan for 5 years. How much will Julia have at the end of 5 years with each of the following options? (Provide detailed calculations on the excel sheet.)
- Receive 8% APR, compounded daily.
- Receive 8% APR, compounded monthly.
- Receive 8.2% APR, compounded semi-annually.
- Receive 8.4% APR, compounded annually.
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Authors: Greg Middleton
1st Edition
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