Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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If $15,000 is invested at 3.5% for 20 years, find the future value if the interest is compounded the following ways. (Round your answers to the nearest cent.)
(d) monthly
$
(e) daily (N = 360)
$
(f) every minute (N = 525,600)
$
(g) continuously
$
(h) simple (not compounded)
$
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