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Value = 10000*[1 + 21/(100*12)]^(20*12)

= 643073.03 approx.

Value = 10000*[1 + 21/(100*12)]^(20*12)

= 643073.03 approx.

Value = 10000*[1 + 21/(100*12)]^(20*12)

= 643073.03 approx.

Value = 10000*[1 + 21/(100*12)]^(20*12)

= 643073.03 approx.

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โˆ™ 2014-08-24 09:27:53
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โˆ™ 2014-08-24 09:27:53

Value = 10000*[1 + 21/(100*12)]^(20*12)

= 643073.03 approx.

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Q: How much is the maturity value for 10000 monthly for 20 years with monthly compounded interest of 21 percent?
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