How much more would you earn in the first investment than in the second investment? $25,000 invested for 30 years at 12% compounded annually $25,000 invested for 30 years at 6% compounded annually
How much more would you earn in the first investment than in the second investment? $25,000 invested for 30 years at 12% compounded annually $25,000 invested for 30 years at 6% compounded annually
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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Transcribed Image Text:How much more would you earn in the first investment than in the second
investment? $25,000 invested for 30 years at 12% compounded annually $25,000
invested for 30 years at 6% compounded annually
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