Question
Let's say a firm invests $45,000 today for 10 years at an interest rate of 5.6%. What will be the investment's future value 10 years
Let's say a firm invests $45,000 today for 10 years at an interest rate of 5.6%. What will be the investment's future value 10 years from now assuming that the interest rate will compound annually? How will your answers change if the interest rate compounds semiannually?
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Investments An Introduction
Authors: Herbert B Mayo
11th Edition
1133936520, 9781133936527
