19. Calculate the future value of $3,000 in a. 5 years at an interest rate of 8%...

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19. Calculate the future value of $3,000 in

a. 5 years at an interest rate of 8% per year.

b. 10 years at an interest rate of 8% per year.

c. 5 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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Fundamentals Of Corporate Finance

ISBN: 9781292018409

3rd Global Edition

Authors: Berk, Peter DeMarzo, Jarrad Harford

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Question Posted: Oct 18, 2024 02:00 PM

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19. Calculate the future value of $3,000 in a. 5 years at an interest rate of 8%...

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Fundamentals Of Corporate Finance

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