Question
a) Your great aunt Matilda put $1000 in an account for you on the day you were born. This account pays 8% interest per year.
a) Your great aunt Matilda put $1000 in an account for you on the day you were born. This account pays 8% interest per year. On your 21st birthday, what would the account balance be?
b) Granite Bank advertises savings accounts with an interest rate of 6% APR with monthly compounding. If you save 100 USD with Granite bank today, how much do you have after 12 months?
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Foreign Direct Investment Smart Approaches To Differentiation And Engagement
Authors: Daniel Nicholls
1st Edition
1409423573,1409471381
