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You have deposited $10,000 in a bank earning interest at 7% p.a. compounded quarterly for four years and five months. At that time, the interest

You have deposited $10,000 in a bank earning interest at 7% p.a. compounded quarterly for four years and five months. At that time, the interest rate changes to 6% p.a. compounded monthly. What is the value of the deposit three years after the change in the rate of interest?

What nominal annual rate compounded quarterly is equivalent to 7.5% p.a. compounded monthly?

You have decided to deposit $500 in the Montreal bank at the end of each quarter for seven years at a rate of 5% p.a. compounded quarterly. How much will be in your account just after you make your last deposit?

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