Find (a) the compound amount and (b) the compound interest for the given investment and rate: 1.
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Find (a) the compound amount and (b) the compound interest for the given investment and rate:
1. $2000 for 5 years at an effective rate of 2%.
(a) The compound amount is $ .
(b) The compound interest amount is $ .
2. $350 for 12 months at an effective rate of 3%.
(a) The compound amount is $ .
(b) The compound interest amount is $ .
3. $10000 for 8 months at an effective rate of 5%.
(a) The compound amount is $ .
(b) The compound interest amount is $
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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