Question
Q01: With regard to the future value of investment, consider the following two investment plans and give assessment that which plan generates more money in
Q01: With regard to the future value of investment, consider the following two investment plans and give assessment that which plan generates more money in terms of amount and interest? a. If you put $5,000 into an investment paying 05 percent interest compounded quarterly, how much will your account grow to in 8 years? How much interest you will earn in 8 years period? b. If you invest $1,000 in a bank where it will earn 10 percent interest compounded semi- annually, how much will it be worth at the end of 5 years? How much interest you will earn in 5 years period?
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