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6. A person deposits 15,000 TL into a three-month time deposit account. Interest rate is 12 %. What is the future value in 3 years

6. A person deposits 15,000 TL into a three-month time deposit account. Interest rate is 12 %. What is the future value in 3 years compounded every three-month. 7. A person wants to deposit 20,000 TL into a three-month time deposit account. He needs 27,371 TL at the end of the second year. What must be the interest rato if the money is compounded every three-month? 8. A person deposits 25.000 TL into a six-month time deposit account. Interest rate is 10%: What is the future value in five years compounded every-six month? 9. A person deposits 30,000 TL into a six-month time deposit account-The interest rate in the first year is 16 %. Expected interest rate-in-the second year is 12% Expected interst rato in the third vear is 14 %. Whatis the future value in three years compounded overy-six month? 10. A person deposits 25.000 TL into a one-month time deposit account. Interest rate is 9 %. What is the future value in two years compounded every-month

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