Question
an investment of 2178.11 earns interest at 7.4% per annum compounded annually for 2 years. at that time the interest rate is changed to 3.7%
an investment of 2178.11 earns interest at 7.4% per annum compounded annually for 2 years. at that time the interest rate is changed to 3.7% compounded quarterly. How much will the accumulated value be 4 years after the change?
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Public Finance
Authors: Harvey S Rosen
7th Edition
0072876484, 978-0072876482
