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Assume Sheldon invests a certain amount in an investment account at 2.5% compounded monthly for 30 months. a. How much should he invest now to
- Assume Sheldon invests a certain amount in an investment account at 2.5% compounded monthly for 30 months.
- a. How much should he invest now to get $3603 after 30 months?
- b. Continuing from part a, after 30 months, what would be the total interest he earned?
- c. What is the effective annual yield for this investment account
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Principles Of Managerial Finance Brief
Authors: Chad J. Zutter, Scott B. Smart
8th Global Edition
1292267143, 978-1292267142
