1 suppose you invest 800 in a fund that earns interest at a, Ask an Expert

Finance

1. Suppose you invest $800 in a fund that earns interest at a rate of 3% convertible monthly. If you keep the money in the fund, how much will you have at the end of 15 years?

2. At a nominal annual rate of interest of j convertible quarterly, an investment of 166 today and 105 at the end of one year will accumulate to 291 at the end of the second year. Calculate j.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92745819

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