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You deposit $1000 in an account that pays 8% interest compounded semiannually. After 4 years, the interest rate is increased to 8.40% compounded quarterly. What
You deposit $1000 in an account that pays 8% interest compounded semiannually. After 4 years, the interest rate is increased to 8.40% compounded quarterly. What will be the value of the account after a total of 8 years? LOADING... Click the icon to view some finance formulas. Question content area bottom Part 1 The value of the account will be $ enter your response here
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Investments Analysis and Management
Authors: Charles P. Jones
12th edition
978-1118475904, 1118475909, 1118363299, 978-1118363294
