You invest $ 1 , 1 0 0 at a 1 2 % annual interest rate, stated

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You invest $ $1, 100$ at a $12 %$ annual interest rate, stated as an APR. Interest is compounded monthly. How much will you have in $1.5$ years? In $2$ years? $($ Do not round intermediate calculations. Round your answers to $2$ decimal places. $)$

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Fundamentals of Financial Management

ISBN: 978-1337395250

15th edition

Authors: Eugene F. Brigham, Joel F. Houston

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Posted Date: Mar 20, 2024 02:01 AM

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You invest $ 1 , 1 0 0 at a 1 2 % annual interest rate, stated

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Fundamentals of Financial Management

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