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Consider a $2,500 deposit earning 7 percent interest per year for six years. 1.What is the future value? 2. How much total interest is earned
| Consider a $2,500 deposit earning 7 percent interest per year for six years. |
1.What is the future value?
2. How much total interest is earned on the original deposit?
3. How much is interest earned on interest?
3. How much is interest earned on interest? |
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A First Course in Quantitative Finance
Authors: Thomas Mazzoni
1st edition
9781108411431, 978-1108419574
