Question
Calculate the future value of $ 7 000$ a.33years at an interest rate of 9 %per year. b.66years at an interest rate of 9%per year.
Calculate the future value of $ 7 000$
a.33years at an interest rate of 9 %per year.
b.66years at an interest rate of 9%per year.
c.33years at an interest rate of 18%per year.
d. Why is the amount of interest earned in part (a)less than half the amount of interest earned in part (b)?
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Calculus
Authors: Dale Varberg, Edwin J. Purcell, Steven E. Rigdon
9th edition
131429248, 978-0131429246
