A client invested 20000 in an interest bearing promissory


A client invested $20,000 in an interest bearing promissory note earning 9% anual rate of interest compounded monthly. How much will the note be worth at the end of 8 years assuming all interest is reinvested at the 9% rate?

Request for Solution File

Ask an Expert for Answer!!
Finance Basics: A client invested 20000 in an interest bearing promissory
Reference No:- TGS0631876

Expected delivery within 24 Hours