An investor deposit $ 500 in Sharpe State Bond Funds at %2.5, where %2.5 is a yearly

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An investor deposit $ 500 in Sharpe State Bond Funds at %2.5, where %2.5 is a yearly interest rate. How much is the investment worth at the end of 2 years if the interest is compounded annually?

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Personal Finance An Integrated Planning Approach

ISBN: 978-0136063032

8th edition

Authors: Ralph R Frasca

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Posted Date: Jul 16, 2018 12:51 AM

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An investor deposit $ 500 in Sharpe State Bond Funds at %2.5, where %2.5 is a yearly

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Annually Compound Interest rate 25 Deposit 500 Time 2 years Interest for the first year Deposit X In... View the full answer

Personal Finance An Integrated Planning Approach

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