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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? |
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Gordon Roberts, Hamdi Driss
8th Canadian Edition
01259270114, 9781259270116
