A teacher won 100,000 and invests this money for 5 years at an interest rate of 4%(compound

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A teacher won 100,000 and invests this money for 5 years at an interest rate of 4%(compound annually). How much will this teacher have in principal and interest at the end of the 5 years?

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Fundamentals of Corporate Finance

ISBN: 978-0077861629

8th edition

Authors: Richard Brealey, Stewart Myers, Alan Marcus

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Posted Date: Nov 02, 2023 10:20 AM

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A teacher won 100,000 and invests this money for 5 years at an interest rate of 4%(compound

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The teacher originally invested KSH 100000 The investment earned interest at a rate of 4 per year co... View the full answer

Fundamentals of Corporate Finance

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