Question
You invest $800 at an annual rate of 8% for twelve years. a) How much more interest would you earn with compound interest than with
You invest $800 at an annual rate of 8% for twelve years.
a) How much more interest would you earn with compound interest than with simple interest for the whole 12 years?
b) How about in just year 7 by itself?
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Foundations Of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
11th Canadian Edition
1259024970, 978-1259265921
