Question
Jenny Sherrer has $30,000 to invest and believes that she will earn8% compounded semiannually. Find the future value amounts if she invests for 3 years
Jenny Sherrer has $30,000 to invest and believes that she will earn8% compounded semiannually. Find the future value amounts if she invests for 3 years and for 9 years. Then find the additional amount earned due to the longer period. Use the accompanying future value table.
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Personal Financial Planning
Authors: Randy Billingsley, Lawrence J. Gitman, Michael D. Joehnk
14th edition
978-1305887725, 1305887727, 1305636619, 978-1305636613
