An investment of $230 is compounded monthly at 2.2% interest. (Calc allowed) a. How much money...
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An investment of $230 is compounded monthly at 2.2% interest. (Calc allowed) a. How much money will the investment be worth in 30 years? 3. How long will it take for the investment to double? Ⓒ An investment of $230 is compounded monthly at 2.2% interest. (Calc allowed) a. How much money will the investment be worth in 30 years? 3. How long will it take for the investment to double? Ⓒ
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To calculate the future value of an investment compounded monthly you can use the compound intere... View the full answer
Related Book For
Corporate Finance A Focused Approach
ISBN: 978-1305637108
6th edition
Authors: Michael C. Ehrhardt, Eugene F. Brigham
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