Calculate the future value of $2000 invested at 5% annual simple interest rate over a period of
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Question:
Calculate the future value of $2000 invested at 5% annual simple interest rate over a period of 5 years
5% annual interest rate compounded yearly over a period of 5 years where the is no withdrawal from the account
5% annual interest rate compounded semiannually over a period of 5 years when there is no withdrawal from the account.
When we gain more? Explain why?
Related Book For
Financial Accounting
ISBN: 978-0078025549
3rd edition
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
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