Suppose you have $500 to invest and you believe that you can earn 8% per year over
Question:
Suppose you have $500 to invest and you believe that you can earn 8% per year over the next 15 years.
* How much would you have at the end of 15 years using compound interest?
* How much would you have using simple interest?
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1 Computation of the Compounded at the end of the 15 ye...View the full answer
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Related Book For
Fundamentals of Investment Management
ISBN: 978-0078034626
10th edition
Authors: Geoffrey Hirt, Stanley Block
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