Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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You just deposited $9,500 in a bank account that pays a 4.0% nominal interest rate,
compounded quarterly. If you also add another $5,000 to the account one year from now
and another $7,500 to the account two years from now, how much will be in the account
three years from now?
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