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Find the FV of $10,000 invested now after five years if the annual interest rate is 8 percent. a. What would be the FV if
Find the FV of $10,000 invested now after five years if the annual interest rate is 8 percent.
- a. What would be the FV if the interest rate is a simple interest rate?
- b. What would be the FV if the interest rate is a compound interest rate?
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Financial Management Core Concepts
Authors: Raymond M Brooks
3rd edition
133866696, 978-0133866698
