1. If you deposit $15000 in an account that pays 5% interest, how much will you have...
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Question:
- 1. If you deposit $15000 in an account that pays 5% interest, how much will you have after at the end of 5 years? 10 years? And 20 years?
- 2. Edward needs $500 now for a project and will pay you back $570 in a year. Is that a good investment when you can get 10% elsewhere?
- hint: if accept it, you must reject it for less than 0)
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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