Question
An initial investment of $1,000 in a account grows to $1,276.28 at the end of the five years. If the annually compounded interest rate is
An initial investment of $1,000 in a account grows to $1,276.28 at the end of the five years. If the annually compounded interest rate is unchanged over the life of the investment, what is the balance in the account at the end of the third year? Show the work A. $1,050.00 B. $1,105.50 C. $1,157.63 D. $1,183.62 E. $1,215.51
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Fundamentals Of Futures And Options Markets
Authors: John C. Hull
4th Edition
0130176028, 9780130176028
