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Use the periodic compound interest formula. How much money will you have in 5 years if you invest $7000 at a 6.1% annual rate of
Use the periodic compound interest formula. How much money will you have in 5 years if you invest $7000 at a 6.1% annual rate of interest compounded quarterly? How much will you have if it is compounded monthly?
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
15th edition
1337671002, 978-1337395250
