Suppose you put 200 into a savings account today the, Ask an Expert

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Suppose you put $200 into a savings account today, the account pays a nominal annual interest rate of 6 percent, but compounded quarterly and you withdraw $200 after 3 months.

What would your ending balance be 10 years after the initial $200 deposit was made? (FV)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92855678

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