On November 7, 2020 a sum of $41,200.00 was deposited into an account. What would be the future value of this sum of money on March 18, 2024, if the interest rate is 3.09% compounded monthly. (1year = 365days) Round the value for FV to two decimal places. P/Y = I/Y = PV = $ % C/Y = PMT = $ DBD = FV = $ days

On November 7, 2020 a sum of $41,200.00 was deposited into an account. What would be the future value of this sum of money on March 18, 2024, if the interest rate is 3.09% compounded monthly. (1year = 365days) Round the value for FV to two decimal places. P/Y = I/Y = PV = $ % C/Y = PMT = $ DBD = FV = $ days

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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