Question
Your aunt just gave you a gift of $3,000. You plan to invest this money in a CD at 3 percent compound interest for 5
Your aunt just gave you a gift of $3,000. You plan to invest this money in a CD at 3 percent compound interest for 5 years, then reinvest the total into another CD at 8% compound interest for another 5 years . How much total interest will you have made on the original $3,000 investment at the end of the 10 years?
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Foundations Of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
17th Edition
126001391X, 978-1260013917
