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A bank quotes the nominal annual rate of 5%, and it compounds interest every three months. What is the value of one dollar deposited in
A bank quotes the nominal annual rate of 5%, and it compounds interest every three months. What is the value of one dollar deposited in this bank after a year and a half?
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Principles of Managerial Finance
Authors: Lawrence J. Gitman, Chad J. Zutter
14th edition
133507696, 978-0133507690
