Question
Margaret Foster wants to buy a new camper in 6 years. she estimates the camper will cost $6,400 assume Margaret invests $3,800 now at 8%
Margaret Foster wants to buy a new camper in 6 years. she estimates the camper will cost $6,400 assume Margaret invests $3,800 now at 8% interest compounded semiannually will Margaret have enough to buy her camper at the end of the 6 years?
Ed Sullivan deposited $14,000 at roll bank at 8% interest compounded semiannually. What was the effective rate (APY)? round to the nearest hundredth percent
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Entrepreneurial Financial Management An Applied Approach
Authors: Jeffrey R. Cornwall, David O. Vang, Jean M. Hartman
4th Edition
0765646854, 978-0765646859
