Calculate the future value of $7000 in a. Four years at an interest rate of 8% per

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Calculate the future value of $7000 in

a. Four years at an interest rate of 8% per year.

b. Eight years at an interest rate of 8% per year.

c. Four years at an interest rate of 16% per year.

d. Why is the amount of interest earned in part

(a) less than half the amount of interest earned in part (b)?

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Corporate Finance

ISBN: 9781292304151

5th Global Edition

Authors: Jonathan Berk, Peter DeMarzo

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Question Posted: Jun 16, 2024 04:20 AM

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Calculate the future value of $7000 in a. Four years at an interest rate of 8% per

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Corporate Finance

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