SOLUTION: What will be the amount accumulated by each of the following present investments?
(a) $5,000 in 31 years at 7% compounded annually,
(b) $20,000 in 7 years at 6% compounded annu
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Question 1090040: What will be the amount accumulated by each of the following present investments?
(a) $5,000 in 31 years at 7% compounded annually,
(b) $20,000 in 7 years at 6% compounded annually.
Answer by Fombitz(32388) (Show Source): You can put this solution on YOUR website!
So,
and
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