Question
You deposit $2,000 to an account that earns a nominal 6% interest rate convertible quarterly for the first two years and a nominal 8%
You deposit $2,000 to an account that earns a nominal 6% interest rate convertible quarterly for the first two years and a nominal 8% interest rate convertible semiannually thereafter. How much is in the account in 6 years?
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
12th Edition
978-0030243998, 30243998, 324422695, 978-0324422696
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