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Determine the accumulated value of invested at the same rate

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Problem 1: It is known that $784 invested in compound interest for 2 years will earn $240 interest. Find the accumulated value of $68841472 invested at the same rate of compound interest for 5 years.

Problem 2: Waterway Industries has 515000 shares of $10 par value common stock outstanding. During the year Waterway declared a 14% stock dividend when the market price of the stock was $37 per share. Three months later Waterway declared a $0.50 per share cash dividend. As a result of the dividends declared during the year, retained earnings decreased by

Reference no: EM132756478

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