a. How much will an investment of $100 be worth at the end of 10 years if
Question:
a. How much will an investment of $100 be worth at the end of 10 years if invested at 15 percent a year simple interest?
b. How much will it be worth if invested at 15 percent a year compound interest?
c. How long will it take your investment to double its value at 15 percent compound interest?
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a Future value 100 15 10 250 b FV 100 11510 40460 c Let x equal the number of years required for the investment to double at 15 percent Then 100115x 2...View the full answer
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Related Book For 
Principles of Corporate Finance
ISBN: 978-0072869460
7th edition
Authors: Richard A. Brealey, Stewart C. Myers
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