jigmechoden2000 jigmechoden2000
  • 25-03-2024
  • Business
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Assume that you will require $1,000 in 4 years’ time. Suppose that you can afford to deposit only $200 at the end of each year, the first deposit to be made in one year’s time. What interest rate would you require to reach your target if the bank compounds annually?

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