Prem has $45000 to invest for 1 year. The bank tells him the interest rate is 6%. Calculate how much the investment is worth at
the end of the year…
1) If the interest is paid every 6 months
2) If interest is paid quarterly
1 answer:
Answer:
1) $47,740.50
2) $47,761.36
Step-by-step explanation:
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