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You deposit $3000 in an account that pays 8 % interest compounded semiannually. After 5 years, the interest rate is increased to 8.44 % compounded
You deposit $3000 in an account that pays 8 % interest compounded semiannually. After 5 years, the interest rate is increased to 8.44 % compounded quarterly. What will be the value of the account after a total of 10 years?
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Principles of Finance
Authors: Scott Besley, Eugene F. Brigham
6th edition
9781305178045, 1285429648, 1305178041, 978-1285429649
