Question
2 Find the future value of $10,000 invested now after five years if the annual interest rate is 8 percent. What would be the future
2 Find the future value of $10,000 invested now after five years if the annual interest rate is 8 percent.
What would be the future value if the interest rate is a simple interest rate?
What would be the future value if the interest rate is a compound interest rate? (Melicher 246)
Melicher, Ronald W., Edgar Norton. Introduction to Finance: Markets, Investments, andFinancial Management, Enhanced eText, 16th Edition. Wiley, 2016-10-17. VitalBook file.
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Introduction to Finance Markets Investments and Financial Management
Authors: Melicher Ronald, Norton Edgar
15th edition
9781118800720, 1118492676, 1118800729, 978-1118492673
