Question
Your bank account pays a nominal interest rate of 1 1 % , compounded semi - annually. Your plan is to deposit $ 2 ,
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Youre right the deposit schedule yearly doesnt exactly match the compounding frequency semiannual To calculate the future value in this scenario we ca...Get Instant Access to Expert-Tailored Solutions
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Principles of Finance
Authors: Scott Besley, Eugene F. Brigham
6th edition
9781305178045, 1285429648, 1305178041, 978-1285429649
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