Solved: Calculate the total amount receive in a year, Accounting Basics

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Calculate the total amount receive in a year

Problem: Using Microsoft Excel, calculate the total amount you will receive in a year if you invest $1,000 now (assuming the interest rate is 8% per annum) at:

a. yearly compounding

b. semiannually compounding

c. quarterly compounding

d. daily compounding

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Accounting Basics: Calculate the total amount receive in a year

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Accounting Basics: Calculate the total amount receive in a year

Reference No:- TGS01738892

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