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Fred deposits $8,500 into Bank A that offers 7% interest compounded semi-annually. a, what's the future value of deposits Fred would get at the
Fred deposits $8,500 into Bank A that offers 7% interest compounded semi-annually. a, what's the future value of deposits Fred would get at the end of 10 years?$ (2 decimals) b, How much would Mary have to deposit into Bank B which offers 6.75% interest compounded continuously so that they would have the same amount at the end of 10 years?$ (2 decimals)
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art a Future value for Freds deposit in Bank A Given Principal amount P 8500 Interest rate r 7 per y...
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Fundamentals Of Financial Management
Authors: Richard Bulliet, Eugene F Brigham, Brigham/ Houston
11th Edition
1111795207, 9781111795207
