Question
Consider a $2,300 deposit earning 8 percent interest per year for five years. What is the future value? (Do not round intermediate calculations. Round your
| Consider a $2,300 deposit earning 8 percent interest per year for five years. |
| What is the future value? (Do not round intermediate calculations. 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. Round your final answer to 2 decimal places.) |
| Total interest earned | $ |
| How much is interest earned on interest? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) |
| Interest earned on interest | $ |
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The ACT Guide To Ethical Conflicts In Finance
Authors: Andreas Prindl, Bimal Prodhan
1st Edition
1855732564, 978-1855732568
