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FV N a. If you want to have $20,000 in 10 years, how much do you ha your investment earns a rate of 2 percent
FV N a. If you want to have $20,000 in 10 years, how much do you ha your investment earns a rate of 2 percent per annum? b. If you earn 10 percent on your investment, how long will it take double? c. What is the annual opportunity cost of a chequing account that requir balance to avoid service charges? Assume an interest rate of 2 percent
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
12th Edition
978-0030243998, 30243998, 324422695, 978-0324422696
