Twenty-five years ago, Amanda Cortez invested $10,000 in an account paying an annual interest rate of 5.75

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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?

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Fundamentals of corporate finance

ISBN: 978-0470876442

2nd Edition

Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates

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Question Posted: Jun 08, 2012 01:25 AM

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Twenty-five years ago, Amanda Cortez invested $10,000 in an account paying an annual interest rate of 5.75

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Amount invested today PV 10000 Return expected from investment i 575 D...View the full answer

Fundamentals of corporate finance

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