Question
I need help answering the below question. Is there a formula? If $25,582 is invested today at an interest rate of 3.5 percent, compounded annually,
I need help answering the below question. Is there a formula?
If $25,582 is invested today at an interest rate of 3.5 percent, compounded annually, how much money will be in a savings account in 28 years?
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Financial Markets and Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
5th edition
321280299, 321280296, 978-0321280299
