Question
If you deposit $5,000 today into an account earning an annual rate of return of 9 percent, in the third year how much interest would
If you deposit $5,000 today into an account earning an annual rate of return of 9 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 $5,000 today into an account earning an annual rate of return of 9%, in the third year how much interest would be earned?
$534.64534.64
How much of the total is simple interest?
How much results from compounding of interest?
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Capital Markets Institutions And Instruments
Authors: Frank J. Fabozzi, Franco Modigliani
2nd Edition
0133001873, 978133001877
