Question
8. If you invested $5000 into an account that gave you 5% SIMPLE interest annually and $5000 that gave you 5% COMPOUND interest annually,
8. If you invested $5000 into an account that gave you 5% SIMPLE interest annually and $5000 that gave you 5% COMPOUND interest annually, how much would you have in each account after 5 years. Show your calculations.
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Personal Finance Turning Money into Wealth
Authors: Arthur J. Keown
8th edition
134730364, 978-0134730363
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