Question
3. You invest $ 10,000. During the first year the investment earned 20% for the year. During the second year, you earned only 4% for
| 3. You invest $ 10,000. During the first year the investment earned 20% for the year. During the second year, you earned only 4% for that year. How much is your original deposit worth at the end of the two years?
MUST USE EXCEL FORMULAS. MUST SHOW WORK. |
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Intermediate Financial Management
Authors: Eugene F Brigham, Phillip R Daves
9th Edition
032431986X, 9780324319866
