Question
a) what is FV3 for simple interest where P=500, i=8% and n=3? b) if $300 invested at 8% compounded annually what would be the investment
a) what is FV3 for simple interest where P=500, i=8% and n=3? b) if $300 invested at 8% compounded annually what would be the investment balance after year 7? c) what is the cumulative interest at the end of year 6 if $600 is invested at 7% compounded annually?
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Cornerstones Of Financial Accounting
Authors: Bertrand Piccard, Jay Rich, Jeff Jones, Maryanne Mowen, Don Hansen, Nick Jones
1st Edition
0324657730, 9780324657739
