Question
Precision Engineering invested $175,000 at 4.25 percent interest, compounded annually for 6 years. How much interest on interest did the company earn over this period
Precision Engineering invested $175,000 at 4.25 percent interest, compounded annually
for 6 years. How much interest on interest did the company earn over this period of time?
Using the financial calculator to show steps.
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Quantitative Investment Analysis
Authors: Richard A. DeFusco, Dennis W. McLeavey, Jerald E. Pinto, David E. Runkle
3rd edition
111910422X, 978-1119104544, 1119104548, 978-1119104223
