Sally has $50,000 to invest. She is able to earn a rate of return of 10% per

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Sally has $50,000 to invest. She is able to earn a rate of return of 10% per year on her money. How much more will Sally have earned at the end of 10 years if she earns interest that compounds annually instead of simple interest?

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Personal Finance

ISBN: 978-1133595830

12th edition

Authors: Thomas Garman, Raymond Forgue

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Posted Date: Apr 15, 2024 09:24 PM

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Sally has $50,000 to invest. She is able to earn a rate of return of 10% per

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Answer To calculate the amount Sally will have earned with compound interest we ... View the full answer

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