Find the accumulated value of $2,480 at the end of twelve years if the nominal interest rate was 2% convertible monthly for the first three years, the nominal rate of discount was 3% convertible semiannually for the next two years, the nominal rate of interest was 4.2% convertible once every two years for the next four years, and the annual effective rate of discount was. 058 for the last three years.
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Home » Business » Find the accumulated value of $2,480 at the end of twelve years if the nominal interest rate was 2% convertible monthly for the first three years, the nominal rate of discount was 3% convertible semiannually for the next two years, the nominal rate