Question
If you put $100,000 in to a bank account earning 3% interest, how much will you have in 5 years if the 3% is an
If you put $100,000 in to a bank account earning 3% interest, how much will you
have in 5 years if the 3% is an annually compounded APR? What if it is a semiannually compounded APR? What if it is a monthly compounded APR? What if
it is a continuously compounded APR?
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An Introduction to Investment Banks, Hedge Funds, and Private Equity
Authors: David P. Stowell
1st edition
978-0123745033, 0123745039, 978-9380931074
