Billy Bob has $1000. How much would he have after 8 years if he leaves it invested

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Billy Bob has $1000. How much would he have after 8 years if he leaves it invested at 1.5% with annual compounding? (Answer in $s to the nearest cent, i.e. xxxx.xx with no $ sign needed.)

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Fundamentals of Financial Management

ISBN: 978-1285867977

14th edition

Authors: Eugene F. Brigham, Joel F. Houston

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Posted Date: Mar 08, 2024 04:26 AM

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Billy Bob has $1000. How much would he have after 8 years if he leaves it invested

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Absolutely Leaving 1000 invested at 15 with annual compounding for 8 years will result in a... View the full answer

Fundamentals of Financial Management

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