Question
Consider a $1,600 deposit earning 7 percent interest per year for six years. What is the future value? (Do not round intermediate calculations and round
Consider a $1,600 deposit earning 7 percent interest per year for six years.
What is the future value? (Do not round intermediate calculations and round your final answer to 2 decimal places.)
Future value$____
How much total interest is earned on the original deposit? (Do not round intermediate calculations and round your final answer to 2 decimal places.)
Total interest earned$___
How much is interest earned on interest? (Do not round intermediate calculations and round your final answer to 2 decimal places.)
Interest earned on interest$ _____
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Technical Analysis The Complete Resource For Financial Market Technicians
Authors: Charles Kirkpatrick, Julie Dahlquist
3rd Edition
0134137043, 978-0134137049
