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$100,000 is invested for five years at 4%. What are the proceeds using a) simple vs. b) compound interest? What must the compound rate be
- $100,000 is invested for five years at 4%. What are the proceeds using a) simple vs. b) compound interest?
What must the compound rate be in order to produce the same proceeds as simple?
Please show how to solve by hand.
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International Financial Management
Authors: Jeff Madura
2nd Edition
0314430296, 978-0314430298
