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An investment worth $6,398 today will grow at a compound interest rate of 5.21%. A similar investment will grow at a simple interest rate
An investment worth $6,398 today will grow at a compound interest rate of 5.21%. A similar investment will grow at a simple interest rate of the same percent. How much more will the compound interest investment be worth in 14 years? QUESTION 10 You invested $683 into a compound interest account that earned 8.48%. Your friend invested the same amount into a simple interest account earning the same percent. How much more did you have in your account after 8 years?
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Financial Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
7th edition
978-1118344262, 111834426X, 1118162285, 978-1118562208, 1118562208, 978-1118162286
