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?
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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
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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