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tetleyelmo tetleyelmo
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7 years ago
You wish to deposit $7,000 in an account at the Shylock Bank. The bank pays interest at a nominal annual rate of 10% compounded monthly. What is the future value in the account after seven years?
A) $14,055.44
B) $13,975.47
C) $13,641.02
D) $13,336.23
E) $14,726.68
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Corporate Finance Online

Corporate Finance Online


Edition: 1st
Authors:
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BlimpBlimp
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7 years ago
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Pol. Sci. Major
Minoring in Business
Columbia University Sophomore

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#2
5 years ago
thank you for your help
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