Question
An investment of $22 700 is accumulated at 5.24% compounded quarterly for six and one-half years. At that time the interest rate is changed to
An investment of $22 700 is accumulated at 5.24% compounded quarterly for six and one-half years. At that time the interest rate is changed to 7.12% compounded monthly. How much is the investment worth two years after the change in interest rate?
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Financial Management In The Sport Industry
Authors: Matthew T Brown, Daniel Rascher, Mark S Nagel, Chad Mcevoy
1st Edition
1934432040, 978-1934432044
