How to verify the impact of the commission rate, Other Subject

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How to verify the impact of the commission rate

Problem: Using the compound interest formula you learned in this module, verify the impact of the 2% commission rate identified in this video, i.e., 63% difference. Specifically, compare 5% vs 7% compounded annually on the amount (A) over 50 years using principal (P) = $10,000. Then, calculate the difference in the two amounts (A) for the same principal over 10 years. What can you conclude from your analysis?

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