You like to set aside an amount of money so that you get $ 5 0 ,

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Question:

You like to set aside an amount of money so that you get $

50, 000

after

5

years from now. Bank

One offers you

10 %

annual interest rate and Bank Two offers you

9.5 %

interest rate

compounded monthly. Where should you put the money?

Related Book For answer-question

Numerical Methods For Engineers

ISBN: 9780071244299

5th Edition

Authors: Steven C. Chapra, Raymond P. Canale

See More Books

Posted Date: Feb 15, 2024 02:38 AM

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You like to set aside an amount of money so that you get $ 5 0 ,

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Okay lets solve this stepbystep You want 50000 in 5 years Bank One offers 10 annual inter... View the full answer

Numerical Methods For Engineers

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