A company offers a fixed deposit scheme whereby 10,000 matures to 12,625 after 2 years, on...
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A company offers a fixed deposit scheme whereby 10,000 matures to 12,625 after 2 years, on a half-yearly compounding basis. If the company wishes to amend the scheme by compounding interest every quarter, what will be the revised maturity value? A company offers a fixed deposit scheme whereby 10,000 matures to 12,625 after 2 years, on a half-yearly compounding basis. If the company wishes to amend the scheme by compounding interest every quarter, what will be the revised maturity value?
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