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plz help me with this question, thx. Given a starting principal of $15000, and a nominal interest rate of 4.5% compounded daily (ie: compounded on
plz help me with this question, thx.
Given a starting principal of $15000, and a nominal interest rate of 4.5% compounded daily (ie: compounded on each calendar day), determine the accumulated amount after a term of 15 years. Round your answer to the nearest dollar. Accumulated Amount =$ Given a nominal interest rate of 3.5% compounded quarterly, determine the starting principal required to produce an accumulated amount of $5000 after 7 years. Round your answer to the nearest dollar. Starting Principal =$Step by Step Solution
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