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You invest $2,500 today at an interest rate of 20% compounded annually. How much will you accumulate after 35 years?

You invest $2,500 today at an interest rate of 20% compounded annually. How much will you accumulate after 35 years?

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 6MC: You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years....
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You invest $2,500 today at an interest rate of 20% compounded annually. How much will you accumulate after 35 years?
Transcribed Image Text:You invest $2,500 today at an interest rate of 20% compounded annually. How much will you accumulate after 35 years?
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