Calculate the future value of $2000 in a. 5 years at an interest rate of 5% per
Question:
Calculate the future value of $2000 in
a. 5 years at an interest rate of 5% per year.
b. 10 years at an interest rate of 5% per year.
c. 5 years at an interest rate of 10% 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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Related Book For 
Fundamentals Of Corporate Finance
ISBN: 9780135811603
5th Edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
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