Question
4. What is the future value of $7,500 invested for 31 years at 8.75 percent compounded annually? Show your work. 7. On your ninth birthday,
4. What is the future value of $7,500 invested for 31 years at 8.75 percent compounded annually? Show your work.
7. On your ninth birthday, you received $500 which you invested at 6.5 percent interest, compounded annually. Your investment is now worth $1,369. How old are you today? Show your work.
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Finance
Authors: Angelico Groppelli, Ehsan Nikbakht
2nd Edition
0812043731, 978-0812043730
