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An investment of $ 4 ,500.00 earns interest at 12 % p.a compounded monthly for 3 years. At that time t h e interest rate
An investment of $4,500.00 earns interest at 12% p.a compounded monthly for 3 years. At that time the interest rate is changed to 14 % compounded annually. How much will be the accumulated value two and a half years after the change?
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Personal Finance
Authors: Jeff Madura
4th Edition
0136117007, 9780136117001
