Question
How much is $100 worth 2 years from now if the annual rate of interest is 12% and compounding frequency is: (Hint: figure out the
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How much is $100 worth 2 years from now if the annual rate of interest is 12% and compounding frequency is: (Hint: figure out the correct m and apply the FVn formula)
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a) Yearly
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b) 18 seconds
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c) 4.3 Months
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d) Every 4 years
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Mathematics Of Finance
Authors: Robert Brown, Petr Zima
2nd Edition
0071756051, 9780071756051
