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Assume that you purchase a 6-year, 8 percent savings certificate for $1,000. If interest is compounded monthly, what will be the value of the certificate
Assume that you purchase a 6-year, 8 percent savings certificate for $1,000. If interest is compounded monthly, what will be the value of the certificate when it matures? $1040.67 $1,469.33 $1,586.86 $1613.50 $1,817.59
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Money Talks Explaining How Money Really Works
Authors: Nina Bandelj ,Frederick F. Wherry ,Viviana A. Zelizer
1st Edition
