1 Suppose you loan Harold $500 at 4 interest (compounding) for 5 years At the end of 5 years, how much money does Harold owe you FV PV (1 2)4 FV 500(1 04) 584 9292 x 100 55492 12 554 93 2 For how many years would you have to loan Harold that $500 at 4 to get $1,000 back 006,82 P 3 Take a look at h...

1 To calculate how much money Harold owes you at the end of 5 years we use the formula for compound ...

1. Suppose you loan Harold $500 at 4% interest (compounding) for 5 years. At the end...

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1. Suppose you loan Harold $500 at 4% interest (compounding) for 5 years. At the end...

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