Assume that you have $10,000 which you plan to invest for 3 years. How much more would

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Assume that you have $10,000 which you plan to invest for 3 years. How much more would you have if you invested the funds at 10% with annual compound interest versus 10% with simple interest? No funds will be paid until the end of the 3rd year.

a. $291.77

b. $303.80

c. $285.93

d. $310.00

e. $297.72

Related Book For answer-question

Fundamentals of Financial Management

ISBN: 978-0324597707

12th edition

Authors: Eugene F. Brigham, Joel F. Houston

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Posted Date: Feb 26, 2019 01:28 AM

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Assume that you have $10,000 which you plan to invest for 3 years. How much more would

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Fundamentals of Financial Management

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