Question
A deposit of $ 5 0 0 made five years ago is worth $ 7 0 5 . 3 0 today. The deposit pays interest
How much would you have had to invest years ago in an account paying compounded annually to cover the cost of a $ engagement ring for your fiance?
Approximately how many years must one wait for an initial investment of $ to triple in value if the investment earns compounded annually?
During one year on a $ deposit paying continuously compounded interest at an APR of how much interest can be accumulated?
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Personal Finance Turning Money into Wealth
Authors: Arthur J. Keown
8th edition
134730364, 978-0134730363
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