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    Determining the future value of an investment at a set rate

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    Suppose that Peter invested $24 at a 5% interest rate. What would be the balance in his account after 5 years? 50 years?

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    https://brainmass.com/business/interest-rates/determining-future-value-investment-set-rate-3837

    Solution Summary

    This solution is comprised of a simple explanation of how to determine the future value of an investment at a set interest rate. Account balances are examined.

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