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Paul bought the QS4 gaming console for $465. If instead of buying the gaming console Paul invested his money in a fund that earns
Paul bought the QS4 gaming console for $465. If instead of buying the gaming console Paul invested his money in a fund that earns j2 = 5%, what would be the accumulated value his investment 3 years later? If the fund earns simple interest of 5% (instead of compound interest), what is the value of his investment after 3 years?
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Fundamentals Of Corporate Finance
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
5th Edition
0135811600, 978-0135811603
