An amount of $2000 is invested for 3 years into an account that pays 3 p a compounding monthly (a) What is the account balance at the end of the 3 years (Answer to the nearest cent) (b) What is the effective interest rate being paid by the account (EAR) (Answer as a percent to 3 decimal places) (c...

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An amount of $2000 is invested for 3 years into an account that pays 3% p.a. compounding monthly (a) What is

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Business Mathematics In Canada

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