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Suppose you found a CD that pays 2.1% interest compounded monthly for 6 years. If you deposit $9,000 now, how much will you have
Suppose you found a CD that pays 2.1% interest compounded monthly for 6 years. If you deposit $9,000 now, how much will you have in the account in 6 years? (Round to the nearest cent.) What was the interest earned? (Round to the nearest cent.) Now suppose that you would like to have $20,000 in the account in 6 years. How much would you need to deposit now? (Round to the nearest cent.) S
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Cost Management Accounting And Control
Authors: Don R. Hansen, Maryanne M. Mowen, Liming Guan
6th Edition
324559674, 978-0324559675
