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The bank has said that it can offer me an annual interest return of 60 percent in return for my 5000 TL deposit that
The bank has said that it can offer me an annual interest return of 60 percent in return for my 5000 TL deposit that I will deposit in the bank today. In this situation; a. How many TL will my total deposit (principal + interest) be after 1 year? countinos ins b. If I evaluate my investment in six-month periods, how much will my total deposit (principal + interest) be in 1 year? c. If I evaluate my investment in quarterly periods, how much will my total deposit (principal + interest) be in 1 year? d. If I evaluate my investment in monthly installments, how much will my total deposit (principal interest) be in 1 year?
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
10th Canadian edition
1259261018, 1259261015, 978-1259024979
