You just received a $5,000 gift from your grandmother which you have decided to save and then

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You just received a $5,000 gift from your grandmother which you have decided to save and then gift to your own grandchildren 50 years from now.

How much additional money will you gift if you earn 7.5 percent interest rather than 7 percent interest over the next 50 years?

Related Book For answer-question

Microeconomics An Intuitive Approach with Calculus

ISBN: 978-0538453257

1st edition

Authors: Thomas Nechyba

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Posted Date: Mar 16, 2023 01:32 AM

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You just received a $5,000 gift from your grandmother which you have decided to save and then

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Using the compound interest formula A P1 rnnt where A the fin... View the full answer

Microeconomics An Intuitive Approach with Calculus

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