Question
Find the value of a $1,000 certificate in 2 1/2 years if the interest rate is 4% compounded monthly. (a) State the type. amortization sinking
Find the value of a $1,000 certificate in 2 1/2 years if the interest rate is 4% compounded monthly. (a) State the type. amortization sinking fund ordinary annuity present value future value (b) Answer the question. (Round your answer to the nearest cent.)
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Handbook Of Blockchain Digital Finance And Inclusion
Authors: David Lee, Robert H. Deng
1st Edition
012812282X, 978-0128122822
