Question
If you deposit 1,000 today into an account earning an annual rate of return of 12 percent, in the third year how much interest would
If you deposit 1,000 today into an account earning an annual rate of return of 12 percent, in the third year how much interest would be earned? How much of the total is simple interest and how much results from compounding of interest?
If you deposit $1,000 today into an account earning an annual rate of return of 12%,in the third year how much interest would be earned?
A:
B: How much is the total is simple interest?
C:How much results from compounding of interest?
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The Wealthtech Book The FinTech Handbook For Investors Entrepreneurs And Finance Visionaries
Authors: Susanne Chishti, Thomas Puschmann
1st Edition
1119362156, 978-1119362159
