Question
If you invest $55,000 at 5% interest for one period, what will you receive at the end of the period? 2. If you have $5
If you invest $55,000 at 5% interest for one period, what will you receive at the end of the period?
2. If you have $5 and you earn a rate of return of 20% in the first year and a rate of return of 20% the following year, how much money will you have?
3. If you have $5 and you earn a rate of return of 20% in each year, how much money will you have in x years?
4. If the 1-year interest rate is 20% this year, how much money will you get for a $500 investment today in one year? If the following 1-year interest will be 50%, how much money will you have after 2 years?
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