The Central Bank pays 7.5% compounded semi-annually on certain types of deposits. If interest is compounded monthly,
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Value of 1 in one year at 75 compounded semiannually FV 1 10375 2 1076406 ...View the full answer
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Related Book For 
Contemporary Business Mathematics with Canadian Applications
ISBN: 978-0133052312
10th edition
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
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