(Answered)-8.3 Suppose you put e 500 on deposit at a monthly interest rate of 0.25%. What will be the value...

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8.3    Suppose you put e500 on deposit at a monthly interest rate of 0.25%. What will be the value of your investment after (a) two years, (b) five years, and (c) ten years? How many months will it take for your investment to exceed e1000 in value?  

 

Solution ID:10137835 | Question answered on 16-Oct-2016

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