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An investment of $3918.56 earns interest at 7.5% per annum compounded monthly for 3 years. At that time the interest rate is changed to
An investment of $3918.56 earns interest at 7.5% per annum compounded monthly for 3 years. At that time the interest rate is changed to 0.8% compounded quarterly. How much will the accumulated value be 3 years after the change? The accumulated value is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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Analysi A P1 n P3391856 r75 3 years n12 A 391856 175 3...
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
15th edition
1337671002, 978-1337395250
