Question
On February 28, 2 a bank offered a $10,000 certificate of deposit (CD) for 4 years at 3.50% interest. How much money you will have
On February 28, 2 a bank offered a $10,000 certificate of deposit (CD) for 4 years at 3.50% interest. How much money you will have after 4 years if interest is compounded
a.Annually
b.Semiannually
Quarterly
On February 28, 2 a bank offered a $10,000 certificate of deposit (CD) for 4 years at 3.50% interest. How much money you will have after 4 years if interest is compounded
a.Annually
b.Semiannually
c. Quarterly
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Financial Risk Manager Handbook
Authors: Philippe Jorion, Global Association Of Risk Professionals
5th Edition
0470479612, 978-0470479612
