Question
An ATM with a service fee of $2 is used by a person 100 times in a year. What would be the future value in
An ATM with a service fee of $2 is used by a person 100 times in a year. What would be the future value in 6 years (use a 3 percent rate) of the annual amount paid in ATM fees? Use Exhibit 1-B. (Round discount factor to 3 decimal places and final answer to 2 decimal places.)
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New Issues In Financial And Credit Markets
Authors: Franco Fiordelisi , Philip Molyneux, Daniele Previati
1st Edition
0230275443, 978-0230275447
