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For a sum of money invested at 3.6% compounded monthly for 8 years state the following values. (a) the number of compounding periods ? (Type
For a sum of money invested at 3.6% compounded monthly for 8 years state the following values.
(a) the number of compounding periods ?
(Type an integer or a decimal.)
(b) the periodic rate of interest % ?
(Round to six decimal places as needed.)
(c) the compounding factor is n(1+i)n ?
(Type integers or decimals.)
(d) the numerical value of the compounding factor ?
(Round to six decimal places as needed.)
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