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DO ALL PARTS FOR THUMBS UP 25 If you have a choice to earn simple interest on $5,000 for five years at 12% annually or
DO ALL PARTS FOR THUMBS UP
If you have a choice to earn simple interest on $5,000 for five years at 12% annually or compound interest at 11.25% annually for five years, which one will pay more and by how much? Compound interest by $520,60. Compound interest by $178.15 Compound interest by $461.46. Simple interest by $520,60. None of these is correct. Coca-Cola recently paid a $3.00 dividend. Investors expect a 12 percent return on this stock. What is the difference in price if Coca-Cola is expected to grow at 6 percent versus 8 percent? $18 $38 None of these are correct. $28 $48 Assume you invest 7,839 today, earning 3 percent annual interest. How much money will you have in 6 years? ENTER YOUR ANSWER, ROUNDED TO THE NEAREST DOLLAR WITHOUT DOLLAR SIGNS OR COMMAS 25
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