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Busıness Fınance I
Busıness Fınance I Deneme Sınavı
Busıness Fınance I Deneme Sınavı Sorusu #858917
Busıness Fınance I Deneme Sınavı Sorusu #858917
Cengiz left 500 TL in a bank account for 2 years which is compounded quarterly under an annual interest rate of 12%.
What would be the future value of the saving at the end of the deposit term?
|
560.66 |
|
600.30 |
|
633,39 |
|
663,33 |
|
693,69 |
Yanıt Açıklaması:
Future value of 500 deposited in a bank account for 2 years’ time under quarterly compounding with 12% interest rate is 633.39.
FV = 500 * (1 + 0,03)8
FV = 633,39
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