Question
Suppose you have $1,000 to invest and you believe that you can earn 5% per year over the next ten years. How much would you
Suppose you have $1,000 to invest and you believe that you can earn 5% per year over the next ten years.
- How much would you have at the end of 10years using simple interest?
2. How much would you have using compound interest?
3. How long will it take your $1,000 to double in value if it earns 5%compounded annually?
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Accounting Volume 2
Authors: James Reeve, Jonathan Duchac, Sheila Elworthy, Carl S. Warren
2nd Canadian edition
176501452, 978-0176501457, 978-0176509743
