Question
You have $61,000 in an account which pays 2.4% compounded annually. How many additional dollars of interest would you have earned over 7 years if
You have $61,000 in an account which pays 2.4% compounded annually. How many additional dollars of interest would you have earned over 7 years if you had instead invested in an account earning 3.6% compounded quarterly? Round to the nearest dollar.
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Empirical Finance
Authors: Sardar M. N. Islam, Sethapong Watanapalachaikul
1st Edition
3790815519, 978-3790815511
