Suppose that the bank in Example 3 increased its fees by charging a negative annual interest rate

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Suppose that the bank in Example 3 increased its fees by charging a negative annual interest rate of -.9%. Find the balance after two years in a savings account if P0 = 10, 000 SFr.

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Calculus And Its Applications

ISBN: 9780134437774

14th Edition

Authors: Larry Goldstein, David Lay, David Schneider, Nakhle Asmar

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