1) If Richard has a $175,000 bond with a 9% interest rate, compounded annually, how much will...

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1) If Richard has a $175,000 bond with a 9% interest rate, compounded annually, how much will he have in 7 years?

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Personal Finance Turning Money into Wealth

ISBN: 978-0134730363

8th edition

Authors: Arthur J. Keown

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Posted Date: Mar 01, 2024 12:30 AM

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1) If Richard has a $175,000 bond with a 9% interest rate, compounded annually, how much will...

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To calculate the future value of the bond we use the formula for compound interest FV PV1 rn Where ... View the full answer

Personal Finance Turning Money into Wealth

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