If you invest $1,000 in year 1, leave it alone for 50 years, and earn 15% per

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If you invest $1,000 in year 1, leave it alone for 50 years, and earn 15% per year, then:

a). How much money will you have at the end of the 50 years?

b). How much of the ending amount is due to interest?

c). How much of the ending amount is due to the principal?

Related Book For answer-question

Financial Management Theory And Practice

ISBN: 978-0176583057

3rd Canadian Edition

Authors: Eugene Brigham, Michael Ehrhardt, Jerome Gessaroli, Richard Nason

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Posted Date: Jan 08, 2021 05:16 AM

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If you invest $1,000 in year 1, leave it alone for 50 years, and earn 15% per

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principal amount 1000 period 50 years and interest rate 15 Amount due to principal will be 1000 ... View the full answer

Financial Management Theory And Practice

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