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Find how often the interest is compounded

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Reference no: EM132758677

-How much will be the future worth of money after 12 months if the sum of 35,000 is invested today at a simple interest rate of 3% per month?

-How long will it take the money to triple itself if invested at 9.5% compounded semi-annually?

-What is the effective rate corresponding to 18% compounded daily using 30 days in one year?

-A certain bank advertises 9.25% account that yields 9.58% annually. Find how often the interest is compounded.

Reference no: EM132758677

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