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Posted on Sep 27, 2024

If you need $ 1 5 0 0 at the end of 1 year and you can invest at the 1 0 % nominal interest

If you need $

1500

at the end of

1

year and you can invest at the

10 %

nominal interest rate,

what would you need to invest today under the various compounding periods? What if you need

the $

1500

at the end of

6

years?

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