Roland just put RM1,000 in the fixed deposit and intend to leave it there for 10 years. If the bank pays him 16 percent semi-annually, compute the total amount will Roland has at the end of year 10.
Roland just put RM1,000 in the fixed deposit and intend to leave it there for 10 years. If the bank pays him 16 percent semi-annually, compute the total amount will Roland has at the end of year 10.
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 25P
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Roland just put RM1,000 in the fixed deposit and intend to leave it there for
10 years. If the bank pays him 16 percent semi-annually, compute the total
amount will Roland has at the end of year 10.
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