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Future value if the interest rate is a simple interest rate
Course:- Financial Management
Reference No.:- EM13814055





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Assignment Help >> Financial Management

Find the future value of $10,000 invested now after five years if the 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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