A deposit of $ 5 0 0 made five years ago is worth $ 7 0 5
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Question:
A deposit of $ made five years ago is worth $ today. The deposit pays interest semiannually. What is the interest rate?
How much would you have had to invest years ago in an account paying compounded annually to cover the cost of a $ engagement ring for your fiance?
Approximately how many years must one wait for an initial investment of $ to triple in value if the investment earns compounded annually?
During one year on a $ deposit paying continuously compounded interest at an APR of how much interest can be accumulated?
Related Book For
Personal Finance Turning Money into Wealth
ISBN: 978-0134730363
8th edition
Authors: Arthur J. Keown
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