If you earn interest at percentage rate r per year and compound your interest n times per
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If you earn interest at percentage rate r per year and compound your interest n times per year, then in y years, $1 will grow to $(1 + (r / n))ny. Assuming a 10 percent annual interest rate, create a table showing the factor by which $1 will grow in five to 15 years for daily, monthly, quarterly, and semiannual compounding.
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Related Book For
Microsoft Excel Data Analysis And Business Modeling
ISBN: 9780137613663
7th Edition
Authors: Wayne Winston
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