Question
Suppose you have $1,000 to invest and you believe that you can earn 10% per year for 20 years. How much would you have at
Suppose you have $1,000 to invest and you believe that you can earn 10% per
year for 20 years. How much would you have at the end of 20 years? How much
interest on interest would you have at the end of 20 years?
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Financial Management Theory and Practice
Authors: Eugene F. Brigham, Michael C. Ehrhardt
16th edition
1337902608, 978-1337902601
