How much accumulated interest and principal will they have

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Question: 1. Leon and Heidi decided to invest $3,000 annually for only the first eight years of their marriage. The first payment was made at age 25. If the annual interest rate is 10%, how much accumulated interest and principal will they have at age 65?

2. A nominal interest rate of 11.333%, continuously compounded, yields an effective annual interest rate of how much?

Reference no: EM131505706

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