Question
I am putting $10,000,000 in a CD with a stated rate of 5.3% for one year. What would the value be after one year if
I am putting $10,000,000 in a CD with a stated rate of 5.3% for one year. What would the value be after one year if you compounded daily, weekly, monthly and semiannually? More commonly known as the Effective Annual Rate (EAR)?
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Financial Accounting Information For Decisions
Authors: Robert w Ingram, Thomas L Albright
6th Edition
9780324313413, 324672705, 324313411, 978-0324672701
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