Question
What is the total amount accumulated after6years if someone invests $4000today with a simple annual interest rate of8percent? How about with a compound annual interest
What is the total amount accumulated after6years if someone invests $4000today with a simple annual interest rate of8percent? How about with a compound annual interest rate of8percent?
- $5600, $5920
- $5920, $6348
- $6400, $7264
- $5920, $5600
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Finance Applications and Theory
Authors: Marcia Cornett, Troy Adair
3rd edition
1259252221, 007786168X, 9781259252228, 978-0077861681
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