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How much more will an investment of $10,000 be worth after 25 years if it earns 5% compounded annually instead of 4% compounded annually? Calculate
How much more will an investment of $10,000 be worth after 25 years if it earns 5% compounded annually instead of 4% compounded annually? Calculate the difference in dollars and as a percentage of the smaller maturity value.
answers (need work shown):
Difference in dollars: $7205.19
Difference in Percentage terms: 27.03%
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