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You just deposited today $1,000 in a bank and plan to keep the money there for 2 years. Which one of the following interest rates
You just deposited today $1,000 in a bank and plan to keep the money there for 2 years. Which one of the following interest rates will give you the smallest future value at year 2? 5% compounds annually 5% compounds quarterly, 5% compounds monthly 5% compounds semiannually
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