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If we invest $2,000 in a bank savings account where it will earn a nominal rate of 4 percent per year, compounded semi-annually, how much
If we invest $2,000 in a bank savings account where it will earn a nominal rate of 4 percent per year, compounded semi-annually, how much will it be worth at the end of 3 years?
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To answer this question we can use the compound interest formula A P 1 rnnt whe...
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Fundamentals of Corporate Finance
Authors: Richard Brealey, Stewart Myers, Alan Marcus
8th edition
77861620, 978-0077861629
