Question
Tina, who just turned 18, deposits $20,000 gift into an interest bearing account earning 2% annual rate of interest compounded monthly. How much will she
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Tina, who just turned 18, deposits $20,000 gift into an interest bearing account earning 2% annual rate of interest compounded monthly. How much will she have in the account when she retires at 60 assuming all interest is reinvested at the 2% rate?
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International Financial Management
Authors: Cheol Eun
9th Edition
1260788865, 9781260788860
