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FINANCIAL UNIT 1) Andre deposited $800 in an account at the end of every 6 month period for 7 years. The account paid 9% compounded
FINANCIAL UNIT 1) Andre deposited $800 in an account at the end of every 6 month period for 7 years. The account paid 9% compounded semi-annually. a) How much money will be in the account on the date of the last deposit? (4 marks) b) How much interest will Andre have earned over the term? (1 mark)
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Finance And Financial Intermediation
Authors: Harold L. Cole
1st Edition
0190941707, 978-0190941703
