3. a. What will $5,000 invested for 10 years at 8 percent compounded annually grow to? b....
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3.
a. What will $5,000 invested for 10 years at 8 percent compounded annually grow to?
b. How many years will it take $400 to grow to $1,671, if it is invested at 10 percent compounded annually?
c. At what rate would $1,000 have to be invested to grow to $4,046 in 10 years?
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Related Book For 
Financial Management Principles And Applications
ISBN: 9780131450653
10th Edition
Authors: Arthur J. Keown, J. William Petty, John D. Martin, Jr. Scott, David F.
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