Question
An investment of $3000 earns interest at 7.5% per annum compounded monthly for six years. At that time the interest rate is changed to 7.2%
An investment of $3000 earns interest at 7.5% per annum compounded monthly for six years. At that time the interest rate is changed to 7.2% compounded semi annually. How much will the accumulated value be two and a half years after the change?
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Cases in Financial Reporting
Authors: Michael J. Sandretto
1st edition
538476796, 978-0538476799
