Question
Twenty-one years ago your aunt and uncle opened an account for you and deposited $2,500 into the account. If the account has earned 5.2%, compounded
Twenty-one years ago your aunt and uncle opened an account for you and deposited $2,500 into the account. If the account has earned 5.2%, compounded annually, what is the account balance today?
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Fundamentals of Corporate Finance
Authors: Berk, DeMarzo, Harford
2nd edition
132148234, 978-0132148238
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