What is the future equivalent of ($1,000) invested at 8% simple interest for 3 years?

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What is the future equivalent of $$1,000$ invested at 8% simple interest for 3 years?

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Financial Decision Making For Engineers

ISBN: 9780300192186

1st Edition

Authors: Colin K. Drummond

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Question Posted: Apr 20, 2024 05:00 AM

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What is the future equivalent of ($1,000) invested at 8% simple interest for 3 years?

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Using the simple interest formula the future equivalent of 1000 ...View the full answer

Financial Decision Making For Engineers

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