Question
You can make a $200,000 saving deposit at Wells Fargo for 5% compounded annually, or at Off-Shore Financing Bank for 4.8% compounded monthly. 2.1. How
You can make a $200,000 saving deposit at Wells Fargo for 5% compounded annually, or at Off-Shore Financing Bank for 4.8% compounded monthly.
2.1. How much will you have if you deposit at Wells Fargo after 7 years? (Round your answer to the nearest integer.)
2.2. How much will you have if you deposit at Off-Shore Financing Bank after 7 years? (Round your answer to the closest integer.)
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Building Financial Models
Authors: John Tjia
2nd Edition
0071608893, 978-0071608893
