Question
Francesca is making monthly contributions of of $290 to her savings account which pays interest at the APR of 6.5%, compounded monthly. Right after Francesca
Francesca is making monthly contributions of of $290 to her savings account which pays interest at the APR of 6.5%, compounded monthly. Right after Francesca makes her 35th contribution, the bank changes the APR to 8% and Francesca makes 56 more $290 contributions. What is Francesca's balance right after her last contribution?
$_______
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A Course In Derivative Securities
Authors: Kerry Back
2005th Edition
3540253734, 978-3540253730
