How much interest to earn over the next five years
Today, you deposit $2,400 in a bank account that pays 4 percent simple interest. How much interest will you earn over the next 5 years?
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The tax rate is 30 % and the required return for the project is 15%. What is NPV, IRR, Payback, and Profitability Index for this project?
Thomas invests $103 in an account that pays 6 percent simple interest. How much money will Thomas have at the end of 4 years?
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