Today Richard is investing $1,000 at 5% interest for five years. One year ago, Richard invested $1,000

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Today Richard is investing $1,000 at 5% interest for five years. One year ago, Richard invested $1,000 at 6.25% for six years. How much money will Richard have saved in total five years from now if both investments compound interest annually?

Posted Date: May 13, 2024 07:11 AM

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Today Richard is investing $1,000 at 5% interest for five years. One year ago, Richard invested $1,000

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A question about compound interest Lets break it down step by step Investment 1 1000 at 5 interest f... View the full answer

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