You choose to invest $2,985 income tax refund check (rather than spend it) in an account earning

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You choose to invest $2,985 income tax refund check (rather than spend it) in an account earning 5% compounded annually. How much will the account be worth in 30 years?

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Principles Of Managerial Finance

ISBN: 978-0136119463

13th Edition

Authors: Lawrence J. Gitman, Chad J. Zutter

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Posted Date: Apr 30, 2020 05:01 AM

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You choose to invest $2,985 income tax refund check (rather than spend it) in an account earning

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Annual compounding Annual compounding means that interest is calculated and accrued only once ... View the full answer

Principles Of Managerial Finance

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