Twenty-five years ago, Amanda Cortez invested $10,000 in an account paying an annual interest rate of 5.75
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Question:
Twenty-five years ago, Amanda Cortez invested $10,000 in an account paying an annual interest rate of 5.75 percent.
What is the value of the investment today?
What is the interest on interest earned on this investment?
Related Book For
Fundamentals of corporate finance
ISBN: 978-0470876442
2nd Edition
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
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