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Question

A corporation wants to invest $10 million per year for five (5) years. If interest is earned at the rate of 14

percent per year, compute the amount to which the deposits will grow if:

Deposits of $10 million are made at the end of each year with interest compounded annually. - $?

Deposits of $5 million are made at the end of each six months with interest compounded semiannually. $?

Deposits of $2.5 million are made at the end of each quarter with interest compounded quarterly. $ ?

Top Answer

Answer 1) Amount = $ 66.10 Million... View the full answer

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Other Answers

1)Deposits of $10 million are made at the end of each year with interest compounded annually: Future value of... View the full answer

Q - 1 ) = 66,101,041.6 Q -... View the full answer

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