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Please fill in the blanks. Thank you! On installment deposit, Question1(Default Points: 6 points) Assume that you save 40,000 yen to keep on the 1st
Please fill in the blanks. Thank you!
On installment deposit, Question1(Default Points: 6 points) Assume that you save 40,000 yen to keep on the 1st day of every month under the systems, keeping in your home, monthly simple interest or monthly compound interest in the bank. If the annual interest rate is 2.4%, 3 years later, at the 36th deposit day, the total balances under those systems are: keeping in your home: (JPY). simple interest system: (JPY) compound interest system: (JPY)Step by Step Solution
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