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Suppose you had an interest rate of 12%. If you began with $21 CAD, how much would you have at the end of the year
| Suppose you had an interest rate of 12%. If you began with $21 CAD, how much would you have at the end of the year if interest was: |
| (a) | Simple? |
| (b) | Compounded quarterly? |
| (c) | Compounded monthly (1/12 of a year)? |
| (d) | Compounded weekly (1/52 of a year)? |
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Financial Sector Reform And Privatization In Transition Economies
Authors: John Doukas, Victor Murinde, Clas Wihlborg
1st Edition
044482653X, 9780444826534
