Emily Smith deposits $1,200 in her bank today. If the bank pays 4 percent simple interest, how

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Emily Smith deposits $1,200 in her bank today. If the bank pays 4 percent simple interest, how much money will she have at the end of five years? What if the bank pays compound interest? How much of the earnings will be interest on interest?

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Fundamentals of Corporate Finance

ISBN: 978-1118845899

3rd edition

Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates

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Question Posted: Oct 19, 2016 10:13 AM

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Emily Smith deposits $1,200 in her bank today. If the bank pays 4 percent simple interest, how

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Emilys deposit today PV 1200 Interest rate i 4 Number of years n 5 Amount to be recei...View the full answer

Fundamentals of Corporate Finance

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