Question
You have $ 400 in an account which pays 4.4 % compounded annually. How many additional dollars of interest would you earn over 5 years
You have $400in an account which pays 4.4% compounded annually. How many additional dollars of interest would you earn over 5 years if you moved the money to an account earning 6.3%?
How many additional dollars of interest would you earn over 5 years from the account that pays 6.3%?
$(Round to the nearestcent.)
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Principles Of Corporate Finance
Authors: Lawrence J. Gitman, Sean M. Hennessey
2nd Canadian Edition
0321452933, 978-0321452931
