You make a loan of $400 with a 6% annual compounded interest for a period of seven

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You make a loan of $400 with a 6% annual compounded interest for a period of seven years. What is your $400 worth seven years later?

For which company can trend analysis be most useful?

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Financial Accounting and Reporting a Global Perspective

ISBN: 978-1408076866

4th edition

Authors: Michel Lebas, Herve Stolowy, Yuan Ding

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Posted Date: Feb 19, 2024 01:17 AM

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You make a loan of $400 with a 6% annual compounded interest for a period of seven

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After 7 years your 400 loan will be worth 60145 This is because of compound interest which means tha... View the full answer

Financial Accounting and Reporting a Global Perspective

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