6. Find the amount at the end of 15 years if P 55 000 is invested at an interest rate of 5% compounded semi-annually for the first 10 years and 3% compounded quarteriy for the next 5 years. F:

Corporate Fin Focused Approach
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Chapter4: Time Value Of Money
Section4.17: Amortized Loans
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6. Find the amount at the end of 15 years if P 55 000 is invested at an interest rate of 5%
compounded semi-annually for the first 10 years and 3% compounded quarterly for
the next 5 years.
F:
Transcribed Image Text:6. Find the amount at the end of 15 years if P 55 000 is invested at an interest rate of 5% compounded semi-annually for the first 10 years and 3% compounded quarterly for the next 5 years. F:
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