BUSINESS PLAN
Increasing the interest rate to 6%. A $12 000 Canada Savings Bond has a term of 10 years. What interest rate is needed for the future value of the CSB to be $15 000 at maturity? ... Perry’s bank has a approved a personal loan of $14 000 at 7.5%, compounded quarterly, so that Perry can pave his driveway. ... was advanced $15 000 by an investor ... ................
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