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1) A person invests $100 today and $200 twenty years later. Interest is credited at a nominal interest rate of ¿(52) com
Posted: Sun Jul 03, 2022 1:01 pm
by answerhappygod
- 1 A Person Invests 100 Today And 200 Twenty Years Later Interest Is Credited At A Nominal Interest Rate Of 52 Com 1 (17.95 KiB) Viewed 12 times
1) A person invests $100 today and $200 twenty years later. Interest is credited at a nominal interest rate of ¿(52) compounded weekly for the first 15 years, and then interest is credited at a nominal discount rate of .06 compounded monthly for the next 25 years. Find (52) if the account has $2,000 at the end of 40 years.