William receives an inheritance of $100,000. He invests the lump sum at a rate of interest of

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William receives an inheritance of $100,000. He invests the lump sum at a rate of interest of 8% compounded quarterly. 2 years later he begins to deposit $3000 at the end of every 6 months and earns 9% compounded semi-annually.

What is the value of Williams investments after 8 years from the original investment?

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Personal Finance

ISBN: 978-1133595830

12th edition

Authors: Thomas Garman, Raymond Forgue

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Posted Date: Dec 18, 2023 03:07 AM

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William receives an inheritance of $100,000. He invests the lump sum at a rate of interest of

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To calculate the value of Williams investments after 8 years we need to consider two separate parts ... View the full answer

Personal Finance

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