Question
You place $25,000 in a savings account paying an annual compound interest of 8 percent for 3 years and then move it into a savings
You place $25,000 in a savings account paying an annual compound interest of 8 percent for 3 years and then move it into a savings account that pays 10 percent interest compounded annually. What is the original balance worth at the end of six years? Note: format is $xx,xxx.xx
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Financial Management In The Public Sector Tools Applications And Cases
Authors: Xiaohu Wang
2nd Edition
0765625229, 9780765625229
