You open a savings account that pays compound interest. Find the total amount (a/k/a future value) in
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Question:
- You open a savings account that pays compound interest.
- Find the total amount (a/k/a future value) in the compound interest account after five years, assuming no withdrawals are made.
- How much of this total amount is interest?
Related Book For
Cornerstones of Cost Management
ISBN: 978-1285751788
3rd edition
Authors: Don R. Hansen, Maryanne M. Mowen
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