You deposit $1000 in an account that pays 8% interest compounded semiannually. After 4 years, the interest
Fantastic news! We've Found the answer you've been seeking!
Question:
You deposit $1000 in an account that pays 8% interest compounded semiannually. After 4 years, the interest rate is increased to 8.40% compounded quarterly. What will be the value of the account after a total of 8 years?
Related Book For
International Marketing And Export Management
ISBN: 9781292016924
8th Edition
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
Posted Date: