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Question 9: How much money will be in an account after 5 years if $10,000 is deposited now at an interest rate of 1% per month compund? (A) Keep the percentage as it is, and change number of year (B) Keep the number of year as it is, and change percentage from month to year

Question 9: How much money will be in an account after 5 years if $10,000 is deposited now at an interest rate of 1% per month compund? (A) Keep the percentage as it is, and change number of year (B) Keep the number of year as it is, and change percentage from month to year

Essentials Of Investments
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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Question 9: How much money will be in an account after 5 years if S10,000 is deposited now at an interest rate of 1% per month compund? (A) Keep the percentage as it is, and change number of year (B) Keep the number of year as it is, and change percentage from month to year
Transcribed Image Text:Question 9: How much money will be in an account after 5 years if S10,000 is deposited now at an interest rate of 1% per month compund? (A) Keep the percentage as it is, and change number of year (B) Keep the number of year as it is, and change percentage from month to year
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