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1. Winston invests $500 in an account that awards a 7% annual interest rate. If he wants to hold the investment for 8 years,
1. Winston invests $500 in an account that awards a 7% annual interest rate. If he wants to hold the investment for 8 years, calculate the total value of the investment (principal and interest) assuming the account awards simple interest. [4 AP, 1 CO]
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Contemporary Financial Management
Authors: James R Mcguigan, R Charles Moyer, William J Kretlow
10th Edition
978-0324289114, 0324289111
