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    See Answer
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