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    Financial Management Principles and Applications Study Set 4
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    Exam 5: Time Value of Money - the Basics
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    If You Invest Money for 10 Years at 8% Interest,compounded
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If You Invest Money for 10 Years at 8% Interest,compounded

Question 21

Question 21

True/False

If you invest money for 10 years at 8% interest,compounded semi-annually,you are really investing money for 20 six-month periods,during which you receive 4% interest each period.

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