Question: Finance. 5. Calculate the difference between the future values of $12,000 payable in 6 years at 5% simple and 5% compounded annually interest rates.

Finance. 5. Calculate the difference between the future values of $12,000 payable

Finance. 5. Calculate the difference between the future values of $12,000 payable in 6 years at 5% simple and 5% compounded annually interest rates. ANS 6. Approximately how many months will it take for $10,000 to double at 15% simple interest rate. ANS

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