If you invest $2,589.70 in an account earning an annual interest rate of 2.539% compounded monthiy, how much will be in your account after 5 years? After 11 years? After 5 years: (Note: Your answer should include a dollar sign and be accurate to two decimal places) After 11 years: (Note: Your answer should include a dollar sign and be accurate to two decimal places)
If you invest $2,589.70 in an account earning an annual interest rate of 2.539% compounded monthiy, how much will be in your account after 5 years? After 11 years? After 5 years: (Note: Your answer should include a dollar sign and be accurate to two decimal places) After 11 years: (Note: Your answer should include a dollar sign and be accurate to two decimal places)
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 8EB: You put $600 in the bank for 3 years at 15%. A. If Interest Is added at the end of the year, how...
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