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Author Question: Your Godmother established a 3,000 bank account for you when you were born. For the first 10 years ... (Read 41 times)

sc00by25

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on: Jul 10, 2018
Your Godmother established a 3,000 bank account for you when you were born. For the first 10 years the interest rate on the account was 10. It has been 7.5 since then. You are now 25 years old and would like to withdraw the funds.
 
  How much money do you have?
  A) 23,023.70
  B) 18,295.02
  C) 32,504.12
  D) 25,828.32
  E) 23,445.80

Question 2

Both compensating balances and discounting interest increase the effective interest rate on a loan.
 
  Indicate whether the statement is true or false
Foundations of Finance ¦ Keown, Petty, Martin ¦ 9th Edition
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cat123

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Reply #1 on: Jul 10, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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sc00by25

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Reply 2 on: Jul 10, 2018
Great answer, keep it coming :)

olderstudent

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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