What was the total value of the account, Microeconomics

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What was the total value of the account

At time=0, Michael deposited $10,000 into an account that pay interest at 8% per year, compounded semiannually. If he withdrew $2000 in months 3, 7, and 20, what was the total value of the account at the end of 2 years? Assume no interperiod compounding.

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Microeconomics: What was the total value of the account

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Microeconomics: What was the total value of the account

Reference No:- TGS075241

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Recent Questions Asked Microeconomics

Q : Common stockholders will receive a dividend

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Request for Solution File

Ask an Expert for Answer!!

Microeconomics: What was the total value of the account

Reference No:- TGS075241

Recent Questions Asked Microeconomics

Q : Common stockholders will receive a dividend

Q : How you would use one common game in your classroom

Q : Boston consulting group matix

Q : What actions will the firms take and what is the outcome

Q : What was the total value of the account

Q : Describe developing countries

Q : Inventory management and control

Q : How much in excess reserves does nan bank can hold

Q : Classifying expenditure as a capital or revenue expenditure

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