Question
Your grandmother told you that she made an excellent investment when your mother was born 34 years ago. She invested $64 into something that earned
Your grandmother told you that she made an excellent investment when your mother was born 34 years ago. She invested $64 into something that earned a 11.44% compound interest per year. What is the effect of compounding?
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Personal Finance Building Your Future
Authors: Robert B. Walker, Kristy P. Walker
1st edition
9780077861728, 978-0073530659
