Question
Find the future value of each investment. Circle the investment that gave the greatest return. A. $16 000 invested for 8 years at a simple
Find the future value of each investment. Circle the investment that gave the greatest return.
A. $16 000 invested for 8 years at a simple interest rate of 4.7%
B. $20 000 invested for 6 years at a compound interest rate of 5%
C. $10 000 invested for 14 years at a compound interest rate of 3%
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Analysis for Financial Management
Authors: Robert C. Higgins
10th edition
007803468X, 978-0078034688
