Future value if interest rate is a compound interest rate, Accounting Basics

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Future value if interest rate is a compound interest rate

Find the future value of $10,000 invested now after five years if annual interest rate is 8 percent.

a. What would be the future value if the interest rate is a simple interest rate?

b. What would be the future value if the interest rate is a compound interest rate?

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Accounting Basics: Future value if interest rate is a compound interest rate

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Accounting Basics: Future value if interest rate is a compound interest rate

Reference No:- TGS051565

Have a Question? (oR Write a Review)

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Accounting Basics: Future value if interest rate is a compound interest rate

Reference No:- TGS051565

Recent Questions Asked Accounting Basics

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