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a) What is the future value of $20,000 with an interest rate of 15 percent and one annual period of compounding? b) With an annual
a) What is the future value of $20,000 with an interest rate of 15 percent and one annual period of compounding? b) With an annual interest rate of 15 percent and two semiannual periods of compounding? c) With an annual interest rate of 15 percent and four quarterly periods of compounding
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Introduction to Finance Markets Investments and Financial Management
Authors: Melicher Ronald, Norton Edgar
15th edition
9781118800720, 1118492676, 1118800729, 978-1118492673
