1 - Purdue University

A fund earns a nominal rate of 8% compounded quarterly. Calculate the accumulated value of 1000 after 6.75 years. 1577 1673 1681 1707 1741 A fund earns a nominal rate of interest of 6% compounded every two years. Calculate the amount that must be contributed now to have 1000 at the end of six years. ................
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