Under certain​ conditions, Swiss banks pay negative
interest they
charge you.​ (You didn't think all that secrecy...
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Under certain​ conditions, Swiss banks pay negative
interest they
charge you.​ (You didn't think all that secrecy was​ free?)Suppose a bank​ \"pays\"
minus−3.93.9​%
interest compounded annually. Find the compound amount for adeposit of
​$280 comma 000280,000
after
8
years.
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SOLUTION From given data Under certain conditions Swiss banks pay negative interest theycharge you You didnt think all that secrecy was free
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