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| Teaching Since: | May 2017 |
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
The following are exercises in terminal values.a. At the end of 3 years, how much is an initial deposit of $100 worth, assumingan annual interest rate of (1) 10 percent? (2) 100 percent? (3) 0percent?b. At the end of 3 years, how much is an initial deposit of $100 worth, assuminga quarterly compounded interest rate of (1) 10 percent? (2) 100percent?c. Why does your answer to part b differ from that to part a?d. At the end of 10 years, how much is an initial deposit of $100 worth,assuming an interest rate of 10 percent compounded (1) annually?(2) semiannually? (3) quarterly? (4) continuously?
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