You have 10000 dollar to invest. the big federal bank, Ask an Expert

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problem: You have 10,000 dollar to invest. The Big Federal Bank offers one year certificates of deposit with a stated rate of 5.50 percent compounded quarterly. Determine the rate, compounded semi-yearly, would provide you with the same amount of money at the end of one year?

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Category:- Basic Finance
Reference No.:- M917608

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