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The bank has said that it can offer me an annual interest return of 60 percent in return for my 5000 TL deposit that I will deposit in the bank today. In this situation; a. How many TL will my total deposit (principal + interest) be after 1 year? countinos ins b. If I evaluate my investment in six-month periods, how much will my total deposit (principal + interest) be in 1 year? c. If I evaluate my investment in quarterly periods, how much will my total deposit (principal + interest) be in 1 year? d. If I evaluate my investment in monthly installments, how much will my total deposit (principal interest) be in 1 year? The bank has said that it can offer me an annual interest return of 60 percent in return for my 5000 TL deposit that I will deposit in the bank today. In this situation; a. How many TL will my total deposit (principal + interest) be after 1 year? countinos ins b. If I evaluate my investment in six-month periods, how much will my total deposit (principal + interest) be in 1 year? c. If I evaluate my investment in quarterly periods, how much will my total deposit (principal + interest) be in 1 year? d. If I evaluate my investment in monthly installments, how much will my total deposit (principal interest) be in 1 year?
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Related Book For
Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
Posted Date:
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