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You make an investment of $3,600 today. What is the value of your investment 5 years from now if it earns an annual rate of
You make an investment of $3,600 today. What is the value of your investment 5 years from now if it earns an annual rate of a) 3.75% compounded annually b) 3.75% compounded quarterly c) 3.75% compounded daily
a)Find the future values of the following ordinary annuities : a. FV of $300 paid every quarter for 5 years at a nominalrate of 6% compounded quarterly b. FV of $200 paid every month for 4 years at a nominal rate of 3.6% compounded rnonthly
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