Question
Find the accumulated value of $100 at the end of 4 years: a) If the niminal annual rate of interest is 6% compound 8 times
Find the accumulated value of $100 at the end of 4 years:
a) If the niminal annual rate of interest is 6% compound 8 times a year.
Answer = $ ________
b) If the niminal annual rate of discount is 6% convertible once every 8 years.
Answer = $________
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Personal Financial Planning
Authors: Randy Billingsley, Lawrence J. Gitman, Michael D. Joehnk
14th edition
978-1305887725, 1305887727, 1305636619, 978-1305636613
