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Say, you deposit $4,382 in a bank for 16 years. What is the amount you will have in the bank at the end of 16
Say, you deposit $4,382 in a bank for 16 years. What is the amount you will have in the bank at the end of 16 years if interest of 5 % compounded monthly for first 7 years and interest of 8 % compounded quarterly for the remaining years? Note: Do not put $ sign in your answer. Simply write the number in the answer box
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Introduction To Finance Markets, Investments, And Financial Management
Authors: Ronald W. Melicher, Edgar A. Norton
17th Edition
1119561175, 978-1119561170
