Question
You received $1000 in a savings account earning 8% compounded annually on your 1st birthday (when you turn 1 year old). How much will you
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You received $1000 in a savings account earning 8% compounded annually on your 1st birthday (when you turn 1 year old). How much will you have in the account on your 18th birthday if you don't withdraw any money before then?
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International Financial Markets And The Firm
Authors: Piet Sercu, Raman Uppal
1st Edition
1861523548, 978-1861523549
