Question
Let's say you have $500 today and you invest it and leave all the interest in the bank so that it also earns interest (i.e.
Let's say you have $500 today and you invest it and leave all the interest in the bank so that it also earns interest (i.e. you are compounding the investment). At an interest rate of 8% how much would you have after 10 years?
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A First Course in Quantitative Finance
Authors: Thomas Mazzoni
1st edition
9781108411431, 978-1108419574
