1. Formula for 1 invested at 8% over 4 years 1 x(1.08)^ Compounding factor = (1.08) x...
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1. Formula for £1 invested at 8% over 4 years
£1 x(1.08)^
Compounding factor = (1.08) x (1.08) x (1.08) x (1.08) = 1.360 2. Formula for £1 invested at 7% over 5 years
£1 x(1.07)^
Compounding factor = (1.07) x (1.07) x (1.07) x (1.07) x (1.07) = 1.403 3. Formula for £1 invested at 6% over 6 years £1 x(1.06)®
Compounding factor = (1.06) x (1.06) x (1.06) x (1.06) x (1.06) x (1.06) = 1.419
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Ganesh Nagireddy
As a professional my opinion is most of the students don't know how to understand the stuff u want ....or to think of in your fields...I just taught as many as I could do.
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Related Book For 
Business Accounting And Finance For Non Specialists
ISBN: 9781861528728
1st Edition
Authors: Catherine Gowthorpe
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