Assuming that interest is compounded quarterly

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Reference no: EM131014478

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Brad wants to know the future value at the end of 2 years of a $15,000 deposit made today into an account paying a nominal annual rate of 12%.

Find the future rate of Brad’s deposit, assuming that interest is compounded annually.

Find the future rate of Brad’s deposit, assuming that interest is compounded quarterly.

Find the future rate of Brad’s deposit, assuming that interest is compounded monthly

Reference no: EM131014478

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