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How much must you deposit in a bank account today to have $1000 at the end of 8 years if the bank quotes a rate of 1.25%, compounded daily? Assume a 365-day year. How much must you deposit in a bank account today to have $1000 at the end of 8 years if the bank quotes a rate of 1.25%, compounded daily? Assume a 365-day year.
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Related Book For
Foundations of Finance The Logic and Practice of Financial Management
ISBN: 978-0132994873
8th edition
Authors: Arthur J. Keown, John D. Martin, J. William Petty
Posted Date:
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