Question

1. Explain the difference between simple interest and compound interest, an d describe why that difference is critical.
2. What are the two components used when figuring the time value of money?
3. Use Table to calculate the future value of
(a) $2000 at 5 percent for four years
(b) $45000 at 9 percent for eight years,
(c) $10,000 at 6 percent for ten years.



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  • CreatedNovember 26, 2014
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