A man lends $2,500 at 8 percent per year simple interest for 4 years. At the end
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A man lends $2,500 at 8 percent per year simple interest for 4 years. At the end of this time, he invests the entire amount (principal plus interest) at 6 percent compounded annually for 9 years. How much money will he have at the end of the 13-year period?
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Related Book For
Principles Of Engineering Economic Analysis
ISBN: 9781118163832
6th Edition
Authors: John A. White, Kenneth E. Case, David B. Pratt
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