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You have $7.673 to invest in a 7 year certificate of deposit. Just before you invested in the certificate of deposit, the annual interest rate
You have $7.673 to invest in a 7 year certificate of deposit. Just before you invested in the certificate of deposit, the annual interest rate changed from 6.9 percent to 2.5 percent. At the end of the certificate of deposit. how much more money will you have with the new interest rate than had you inyested at the old interest rate
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Elements Of Structured Finance
Authors: Ann Rutledge, Sylvain Raynes
1st Edition
0195179986, 978-0195179989
