Impact of the interest earned versus duration of investment

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Each year,$7,500 is invested at 4% annual compound interest a) What is the value of the investment portfolio after 20 years? After 25 years? After 30 years? b) Repeat part (a) with the investment at 5% annual compound interest c) Based answers to (a) and (b) what conclusion can be drawn regarding the impact of the interest earned versus the duration of the investment.

Reference no: EM13991205

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