Question
You deposit $28,000 today in a bank that promises to pay an annual interest of 10%? What is future value of this sum at the
You deposit $28,000 today in a bank that promises to pay an annual interest of 10%?
What is future value of this sum at the end of 8 years?
What is the FV of the sum if the interest rate is 5% for the first three years, 7% for the next three years and 9% thereafter?
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Fundamentals Of Futures And Options Markets
Authors: John C. Hull
7th Edition
0136103227, 9780136103226
