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the account earni Account A pays simple interest. Future ValueA = Principal + Interest = Principal + [(Principal x Interest Rate) x Investment Period] =
the account earni Account A pays simple interest. Future ValueA = Principal + Interest = Principal + [(Principal x Interest Rate) x Investment Period] = $2,000 + [($2,000 x 7%) x 3 years] = $ ng interest should have the greater future value, assuming identical amounts of principal, interest rates, and investment periods
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Interpreting And Analyzing Financial Statements
Authors: Karen P Schoenebeck, Mark P Holtzman
5th Edition
0136121985, 9780136121985
