Chapter 2
Suppose you invest $42000 at 5% interest compounded biweekly for 5 years. Find how much interest is found in the account after 5 years. Find also how much you have in the account after 5 years. Find annual yield and explain what is meant by the annual yield. Example 7. Suppose you invest $42000 at % interest compounded quarterly for 5 years. ................
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