Question
Suppose you currently have $4,800 in your savings account, and your bank pays interest at a rate of 0.48% per month. If you make no
Suppose you currently have $4,800 in your savings account, and your bank pays interest at a rate of 0.48%
per month. If you make no further deposits or withdrawals, how much will you have in the account in 5 years?
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Gordon Roberts, Hamdi Driss
8th Canadian Edition
01259270114, 9781259270116
