Question
An investment of $3080.63 earns interest at 5.6% per annum compounded annually for 4 years. At that time the interest rate is changed to 3.5%
An investment of $3080.63 earns interest at 5.6% per annum compounded annually for 4 years. At that time the interest rate is changed to 3.5% compounded quarterly. How much will the accumulated value be 2.5 years after the change?
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The Palgrave Handbook Of Technological Finance
Authors: Raghavendra Rau, Robert Wardrop, Luigi Zingales
1st Edition
3030651169, 978-3030651169
