How much you will withdraw in 1 year from the deposit if you save 1000 CNY now

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How much you will withdraw in 1 year from the deposit if you save 1000 CNY now and in half a year you will withdraw 1000 CNY ? The interest rate is 8 % p.a? Use simple interest rate method?

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Personal Finance

ISBN: 978-0132994347

5th edition

Authors: Jeff Madura

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Posted Date: Feb 15, 2023 12:49 AM

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How much you will withdraw in 1 year from the deposit if you save 1000 CNY now

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After one year you will take a withdrawal of 2000 CNY from the deposit The annual percentage yield f... View the full answer

Personal Finance

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