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23. If value of $100 at end of 1 year is $110.00 given that the interest rate is 10% per annum, the compounding frequency
23. If value of $100 at end of 1 year is $110.00 given that the interest rate is 10% per annum, the compounding frequency is () A. annually B. semiannually C. quarterly
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Option A annually Interest for one year 10 pa 10010 10 if we add the interest amount of ...
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Contemporary Business Mathematics with Canadian Applications
Authors: S. A. Hummelbrunner, Kelly Halliday, Ali R. Hassanlou, K. Suzanne Coombs
11th edition
134141083, 978-0134141084
