Question
You just deposited $2,500 in a bank account that pays a 12% nominal interest rate, compounded quarterly. If you also add another $5,000 to the
You just deposited $2,500 in a bank account that pays a 12% nominal interest rate, compounded quarterly. If you also add another $5,000 to the account one year (12 months) from now and another $7,500 to the account two years from now, how much will be in the account three years (12 quarters) from now?
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Handbook Of Anti Money Laundering
Authors: Dennis Cox
1st Edition
0470065745, 978-0470065747
