Question
Which of the following amounts is closest to the end value of investing $7,500 for 2.5 years at an effective annual interest rate of 12.36%.
Which of the following amounts is closest to the end value of investing $7,500 for 2.5
years at an effective annual interest rate of 12.36%. Interest is compounded semiannually.
a. $7,531
b. $8,427
c. $9,469
d. $9,818
E. $10,037
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Global Finance And The Macroeconomy
Authors: A. Makin
1st Edition
0333736982, 978-0333736982
