Intro You make a one-time investment of $400 and leave it for 5 years, earning an annual interest rate of 7%. Part 1 How much interest will you have earned after 5 years? 0+ decimals Submit Part 2 If you leave the entire amount in your account for another 5 years and earn the same interest rate, how much interest will you earn over the second 5-year period?

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
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Help mw eoth formulas of both parts i will rate

Intro
You make a one-time investment of $400 and leave it for 5 years, earning an
annual interest rate of 7%.
Part 1
How much interest will you have earned after 5 years?
0+ decimals
Submit
Part 2
If you leave the entire amount in your account for another 5 years and earn the
same interest rate, how much interest will you earn over the second 5-year
period?
Transcribed Image Text:Intro You make a one-time investment of $400 and leave it for 5 years, earning an annual interest rate of 7%. Part 1 How much interest will you have earned after 5 years? 0+ decimals Submit Part 2 If you leave the entire amount in your account for another 5 years and earn the same interest rate, how much interest will you earn over the second 5-year period?
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