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please make answer clear 18. Assume that a bank pays you 4% interest per (every) quarter on a savings account. (The periodic rate is 4%,
please make answer clear
18. Assume that a bank pays you 4% interest per (every) quarter on a savings account. (The periodic rate is 4%, and the 4% is paid every 3 months.) Assume that you save $200,000 in that account today. How much will you have in that account exactly one year from todayStep by Step Solution
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The Bank Analysts Handbook Money Risk And Conjuring Tricks
Authors: Stephen M. Frost
1st Edition
0470091185, 978-0470091180
