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Suppose Zarma Corporation puts $10,000 into a Certificate of Deposit (CD) with an APR of 3%. How much will it withdraw after 3 years? a.
- Suppose Zarma Corporation puts $10,000 into a Certificate of Deposit (CD) with an APR of 3%. How much will it withdraw after 3 years?
a. N =
I =
PV =
PMT =
FV =
P/Y =
b. Allocate the FV between:
| Total Interest |
|
| Simple Interest |
|
| Compound Interest |
|
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Managerial Finance
Authors: John Fred Weston, Eugene F. Brigham, John Boyle, Robin John Limmack
1st Edition
0039101975, 978-0039101978
