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2nd attempt Assume you are bequeathed $500 by a long-lost cousin. You decide that, for the next year, you will put all that money in
2nd attempt Assume you are bequeathed $500 by a long-lost cousin. You decide that, for the next year, you will put all that money in the bank until you decide what to do with it. The bank is currently paying an interest rate of 4%. At the year's end you will have $430 > 1st attempt
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Accounting
Authors: Thomson, South Western
22nd Edition
032464020X, 978-0324640205
