Kevin Spear invested $18,000 today in a fund that earns 12% compounded annually. To what amount will
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Kevin Spear invested $18,000 today in a fund that earns 12% compounded annually.
To what amount will the investment grow in 3 years? To what amount would the investment grow in 3 years if the fund earns 12% annual interest compounded semiannually? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.)
Investment at 12% annual interest?
Investment at 12% annual interest, compounded semiannually ?
Related Book For
Introduction to Corporate Finance
ISBN: 978-0324657937
2nd edition
Authors: Scott B. Smart, William L Megginson
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