Question
Jillian invested $2,000 six years ago at 4.5 percent interest. She spends all of her interest earnings immediately, so she only receives interest on her
Jillian invested $2,000 six years ago at 4.5 percent interest. She spends all of her interest earnings immediately, so she only receives interest on her initial $2,000 investment. How much interest is she earning each year?
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Applied Quantitative Finance
Authors: Härdle
3rd Edition
3662544857, 978-3662544853
