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What amount invested today would grow to $10,000 after 25 years, if the investment earns: a. 8% compounded annually? b. 8% compounded semiannually? c. 8% compounded quarterly? d. 8% compounded monthly?

What amount invested today would grow to $10,000 after 25 years, if the investment earns: a. 8% compounded annually?
b. 8% compounded semiannually?
c. 8% compounded quarterly?
d. 8% compounded monthly?

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Given FV 10000 Term 25 years j 8 a b C d m …View the full answer


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Business Mathematics In Canada

Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Posted Date: January 20, 2016 07:23:33
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