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You have two investment options. You can either invest $5,000 today once for ten years at an interest rate of 12%/year compounding on a yearly
You have two investment options. You can either invest $5,000 today once for ten years at an interest rate of 12%/year compounding on a yearly basis or you can invest the same amount of money for the same period of time in another project that has a yearly interest rate of 10% and compounds on a monthly basis. Assuming that both investments are completely risk free.
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Financial Accounting and Reporting a Global Perspective
Authors: Michel Lebas, Herve Stolowy, Yuan Ding
4th edition
978-1408066621, 1408066629, 1408076861, 978-1408076866
