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April 21, 2014

Homework Help: Finance

Posted by tisha on Wednesday, August 22, 2012 at 1:09am.

Find the future value of $10,000 invested now after five years if the annual interest rate is 8 percent.
a. What would be the future value if the interest rate is a simple interest rate?
b. What would be the future value if the interest rate is a compound interest rate?

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