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5) earned over a 10-year period if the interest had compounded annually? You invested $6,500 at 6 percent simple interest. How much more could you have A) $1,049.22 B) $930.11 C) $1,182.19 D) $1,201.15 E) $1,240.51

5) earned over a 10-year period if the interest had compounded annually? You invested $6,500 at 6 percent simple interest. How much more could you have A) $1,049.22 B) $930.11 C) $1,182.19 D) $1,201.15 E) $1,240.51

Essentials Of Investments
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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5) earned over a 10-year period if the interest had compounded annually? You invested $6,500 at 6 percent simple interest. How much more could you have A10 A) $1,049.22 B) $930.11 Uso0 x 6oXIO C) $1,182.19 D) $1,201.15 E) $1,240.51
Transcribed Image Text:5) earned over a 10-year period if the interest had compounded annually? You invested $6,500 at 6 percent simple interest. How much more could you have A10 A) $1,049.22 B) $930.11 Uso0 x 6oXIO C) $1,182.19 D) $1,201.15 E) $1,240.51
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