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Amount of investments accumulate

Problem: (Compound interest) To what amount will the following investments accumulate?

a. $5,000 invested for 10 years at 10 percent compounded annually

b. $8,000 invested for 7 years at 8 percent compounded annually

c. $775 invested for 12 years at 12 percent compounded annually

d. $21,000 invested for 5 years at 5 percent compounded annually

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Solution Preview :

Prepared by a verified Expert

Finance Basics: Amount of investments accumulate

Reference No:- TGS01744932

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

Q : Investment banking is a demanding profession

Q : Statements concerning net present value

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Solution Preview :

Prepared by a verified Expert

Finance Basics: Amount of investments accumulate

Reference No:- TGS01744932

Recent Questions Asked Finance Basics

Q : Investment banking is a demanding profession

Q : Statements concerning net present value

Q : Gross private domestic investment spending

Q : Rate of return methods of capital project evaluation

Q : Amount of investments accumulate

Q : Expected value and standard deviation

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