TIME VALUE OF MONEY QUIZ

3. Frequency of Compounding. a) Suppose you invest $20,000 in an account that pays 6.5% interest, compounded monthly. How much will you have at the end of 20 years? b) What if you invest the same amount at the same interest but the compounding is done semi-annually. How much will you have at the end of 20 years? 4. Discounting ................
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