a customer invests IDR 20 million in the money market and earns 12% compound interest How much money will grow in 10 years and calculate the interest in 10 years if a. Interest is paid annually,...

a customer invests IDR 20 million in the money market and earns 12% compound interest How much money will grow in 10 years and calculate the interest in 10 years if

a. Interest is paid annually, semiannually, quarterly and monthly

b. Calculate the effective interest rate for the quarterly, quarterly and monthly basis and prove that the interest earned is the same as the answer in number (a)