Question
Principal, $7000, is invested at 9% interest for eight years. Determine its future value if the interest is compounded (a) annually (b) semi-annually (c) monthly
- Principal, $7000, is invested at 9% interest for eight years. Determine its future value if the interest is compounded
- (a) annually
(b) semi-annually
(c) monthly
(d) continuously
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Fundamentals Of Business Mathematics In Canada
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