Question
Consider a $2,600 deposit earning 8 percent interest per year for five years. What is the future value? (Do not round intermediate calculations. Round your
Consider a $2,600 deposit earning 8 percent interest per year for five years.
What is the future value?(Do not round intermediate calculations. Round your final answer to 2 decimal places.)
Future value$
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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Climate Finance Theory And Practice
Authors: Anil Markandya, Ibon Galarraga, Dirk Rübbelke
1st Edition
9814641804, 978-9814641807
