Find the accumulated value and total interest earned on an investment of $25,000 for 5 years with
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Question:
Find the accumulated value and total interest earned on an investment of $25,000 for 5 years with an APR of 3% if the money is invested in an account paying,
a) simple interest
b) compound interest monthly
c)compound interest daily
d)continuous compounding interest
Related Book For
Introduction To Corporate Finance
ISBN: 9781118300763
3rd Edition
Authors: Laurence Booth, Sean Cleary
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