A child has a future capital of $7,500 with a maturity of 4 years, if the interest
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A child has a future capital of $7,500 with a maturity of 4 years, if the interest rate is 14%. Calculate the current value with capitalization: monthly, bimonthly and quarterly. Compare the results.
Related Book For
Fundamentals of Financial Management
ISBN: 978-0324597707
12th edition
Authors: Eugene F. Brigham, Joel F. Houston
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