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You have deposited $10,000 into a savings account with an annual interest rate of 1.5% that is compounded monthly. What is the amount of simple
You have deposited $10,000 into a savings account with an annual interest rate of 1.5% that is compounded monthly. What is the amount of simple interest you will earn in the first month?
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Introduction To Mathematical Finance Discrete Time Models
Authors: Stanley R. Pliska
1st Edition
1557869456, 9781557869456
