Suppose you have $500 to invest and you believe that you can earn 8% per year over

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Suppose you have $500 to invest and you believe that you can earn 8% per year over the next 15 years.

* How much would you have at the end of 15 years using compound interest?

* How much would you have using simple interest?

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Fundamentals of Investment Management

ISBN: 978-0078034626

10th edition

Authors: Geoffrey Hirt, Stanley Block

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Question Posted: Sep 15, 2012 04:41 AM

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Suppose you have $500 to invest and you believe that you can earn 8% per year over

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1 Computation of the Compounded at the end of the 15 ye...View the full answer

Fundamentals of Investment Management

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