2. Which is the better investment for 10 years: investing $1100 at 7% APR or $1650 at 3.5% APR? Both investments have annual compounding. a. After 10 years, $1100 at 7% APR would grow to $? b. After 10 years, $1650 at 3.5% APR would grow to $?
2. Which is the better investment for 10 years: investing $1100 at 7% APR or $1650 at 3.5% APR? Both investments have annual compounding. a. After 10 years, $1100 at 7% APR would grow to $? b. After 10 years, $1650 at 3.5% APR would grow to $?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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2. Which is the better investment for 10 years: investing $1100 at 7% APR or $1650 at 3.5% APR? Both investments have annual compounding.
a. After 10 years, $1100 at 7% APR would grow to $?
b. After 10 years, $1650 at 3.5% APR would grow to $?
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