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Increased the number of times that the interest

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  1. Finance- If 8 year from now you want to give a down payment of 10,000 to buy a house. How much you need to deposit today to achieve your goal, if you are offered an annual compounded yield of 7%.
  2. You deposit $20,000 today in a bank account that pays 8% compounded annually, ¿which amount you can withdraw each year and at the end of 5 years the ending balance is 0?
  3. If it is increased the number of times that the interest be composed during a period , the terminal value of a quantity will be lower: True or False

Reference no: EM132376929

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