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Suppose that you deposit $1000 in an account that pays 4% interest compounded monthly. How much interest will you have earned from this deposit at
- Suppose that you deposit $1000 in an account that pays 4% interest compounded monthly.
- How much interest will you have earned from this deposit at the end of 2 years?
- [4] How long does it take for your deposit to grow to $1500 in this account?
- How much will you have after 2 years if, after the initial deposit of $1000, you also deposit $500 at the end of Year 1?
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Financial Markets And Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakin
7th Global Edition
0273754440, 9780273754442
