Question
Your bank will pay you an interest rate of .117 percent compounded weekly. You want to have $24,000 in 7 years. How much will you
Your bank will pay you an interest rate of .117 percent compounded weekly. You want to have $24,000 in 7 years. How much will you have to deposit today? Assume 52 weeks per year. Multiple Choice
$15,889.65
$15,680.58
$16,029.03
$22,584.17
$15,873.11
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ISE Essentials Of Investments
Authors: Zvi Bodie, Alex Kane, Alan Marcus
12th International Edition
1265450099, 9781265450090
