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Find the Present Value of $15,000 due in 5-years time, deposited to a bank from a nominal annual rate of 5.25 % compounded annually. d)
| Find the Present Value of $15,000 due in 5-years time, deposited to a bank from a nominal annual rate of 5.25 % compounded annually. |
d) How long it will take for $20,000 to double at an annual nominal rate of 7.18% ?
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Financial Literacy For Managers
Authors: Richard A. Lambert
1st Edition
1613630182, 978-1613630181
