If you invested $100 at the beginning of the year in an account that pays 1.5% compounded

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If you invested $100 at the beginning of the year in an account that pays 1.5% compounded monthly, approximately how much would you have at the end of 3 years?

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Principles of Finance

ISBN: 978-1285429649

6th edition

Authors: Scott Besley, Eugene F. Brigham

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Posted Date: Apr 27, 2024 06:49 AM

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If you invested $100 at the beginning of the year in an account that pays 1.5% compounded

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To solve this problem we can use the compound interest ... View the full answer

Principles of Finance

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