MACY’S has a six-year term deposit that will pay 7% per annum compounded quarterly.  If $125,000 was invested in this term deposits, calculate the amount he will have in 5years time                                  2 calculate the EAR

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter5: The Time Value Of Money
Section: Chapter Questions
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  1.  MACY’S has a six-year term deposit that will pay 7% per annum compounded quarterly.  If $125,000 was invested in this term deposits,
  1. calculate the amount he will have in 5years time                        

         2 calculate the EAR                                                     

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