Answered: what will be the value of the $333.976…

what will be the value of the $333.976 deposit in 120 days if I calculate the annual interest rate at 5.61% using the French method?

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter19: Lease And Intermediate-term Financing

Section: Chapter Questions

Problem 18P

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what will be the value of the $333.976 deposit
in 120 days if I calculate the annual interest
rate at 5.61% using the French method?

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