Question
You can invest in an account that pays simple interest or an account that pays compound interest. In either case, you plan to invest $2,600
You can invest in an account that pays simple interest or an account that pays compound interest. In either case, you plan to invest $2,600 today and both accounts have an annual interest rate of 5 percent. How much more interest will you receive in the 8th year in the account that pays compound interest?
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Finance For IT Decision Makers
Authors: Michael Blackstaff
1st Edition
3540762329, 978-3540762324
