Question
You invest in your savings account $3480 today, $1500 at the end of year one and $4300 at the end of year three. If the
You invest in your savings account $3480 today, $1500 at the end of year one and $4300 at the end of year three. If the interest rate is 10.2% per annum, compounded annually, then the amount you will have in exactly three years is closest to: a. $11217.40 b. $10040.21 c. $10610.19 d. $10778.80
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Investment Analysis And Portfolio Management
Authors: Frank K. Reilly, Keith C. Brown
6th Edition
003025809X, 978-3540014386
