You have $4,300 to deposit. Regency Bank offers 12 percent per year compounded monthly (1 percent per

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You have $4,300 to deposit. Regency Bank offers 12 percent per year compounded monthly (1 percent per month), while King Bank offers 12 percent but will only compound annually. How much will your investment be worth in 20 years at each bank?

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Essentials Of Corporate Finance

ISBN: 9781265414962

11th Edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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Question Posted: Dec 30, 2022 05:52 AM

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You have $4,300 to deposit. Regency Bank offers 12 percent per year compounded monthly (1 percent per

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To find the FV of a lump sum we use FV ...View the full answer

Essentials Of Corporate Finance

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