Determine the value at the end of three years

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Reference no: EM131338924

1. You deposit $10,000 at the end of each of the next four years into an account that pays 12 percent annually. What is the account balance at the end of 10 years?

2. Determine the value at the end of three years of a $10,000 investment (today) in a bank certificate of deposit (CD) that pays a nominal annual interest rate of 8 percent, compounded
a. Semiannually

b. Quarterly

c. Monthly

Reference no: EM131338924

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