Question
a) What would be the accumulated value of $10000 in a saving account at 8% per year for 6 years when the interest is compounded?
a) What would be the accumulated value of $10000 in a saving account at 8% per year for 6 years when the interest is compounded?
b) What would be the accumulated value of the same amount after 8 years with the same rate but not compounded (simple interest) annually?
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The Everything Guide To Day Trading
Authors: David Borman
1st Edition
1440506213, 978-1440506215
