Calculate (1) the future value at the end of the specified deposit period (2) the effective annual rate, EAR. Amount of initial deposit: 2500 Nominal
Calculate (1) the future value at the end of the specified deposit period (2) the effective annual rate, EAR.
Amount of initial deposit: 2500
Nominal annual return rate: 6%
Compounding frequency, m (times/year): 2
Deposit period (years): 2
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Authors: Piet Sercu
1st edition
069113667X, 978-0691136677
