Future Value and Present Value
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23. Determine how much an investor would collect after 25 years if $100,000 is deposited and is compounded annually at 10%.
24. Using the information in problem 23, what amount would the investor collect if the this investment used daily compounding?
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Solution Summary
This solution contains step-by-step calculations to determine future and present value of an investment using compound interest.
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23. Determine how much an investor would collect after 25 years if $100,000 is deposited and is compounded annually at 10%.
One will ...
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