How much was initial investment at a simple interest rate

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Question: A manufacturing company made an investment 10 years ago that is now worth $1,500,000. How much was the initial investment:

(a) at a simple interest rate of 10% per year?

(b) at an interest rate of 10% per year compounding annually?

The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132156764

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