4% interest with compounding every 6 months versus unknown interest with monthly compounding resulting in an...
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4% interest with compounding every 6 months versus unknown interest with monthly compounding resulting in an equal return. $1000 initial investment, one year holding period. What is unknown interest? 4% interest with compounding every 6 months versus unknown interest with monthly compounding resulting in an equal return. $1000 initial investment, one year holding period. What is unknown interest?
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Lets begin by calculating the final value of the investment after one year using 4 interest ... View the full answer
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