Lecture Notes on Time Value of Money
12) What rate of interest compounded annually is required to double an investment in 3 . years? 13) Which of the two rates would yield a larger amount? 6% compounded quarterly or % compounded annually. (hint, start with $1000.00 in each case) 14) Which of the two rates would yield a larger amount? 9% compounded monthly or. 8.8 % compounded daily. ................
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