Question
Anna deposited $7,881 today in a guaranteed investment account with a promised rate of 8.2% compounded annually. She plans to leave it there for 7
Anna deposited $7,881 today in a guaranteed investment account with a promised rate of 8.2% compounded annually. She plans to leave it there for 7 full years. How much money will she have in her account in 7 years? DO NOT USE DOLLAR SIGNS OR COMMAS IN YOUR ANSWER. ROUND ANSWER TO THE NEAREST DOLLAR.
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Applied Quantitative Finance
Authors: Härdle
3rd Edition
3662544857, 978-3662544853
