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An investment worth $6,790 today will grow at a compound interest rate of 6.16%. A similar investment will grow at a simple interest rate of
An investment worth $6,790 today will grow at a compound interest rate of 6.16%. 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 16 years?
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Managerial Accounting An Introduction to Concepts Methods and Uses
Authors: Michael W. Maher, Clyde P. Stickney, Roman L. Weil
11th edition
1111571260, 978-1111571269
