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We have deposited 20,000 PLN on bank deposit. During first two years interest are capitalized each three months and during the third year each 6
We have deposited 20,000 PLN on bank deposit. During first two years interest are capitalized each three months and during the third year each 6 months. Nominal interest rate is 18% pa under 3M capitalization in the first two years and under 6M capitalization in the 3rd year respectively. What amount would be on the deposit after 3 years?
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