How much interest will be earned over the last five years

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The greenwood hotel invested a single amount of $100,000 at 8% for 10 years. Assume annual compounding.

A. How much interest will be earned over the first five years?

B. How much interest will be earned over the last five years?

C. Explain the difference between A&B

D. How long will it take the investment to double? Approximately

E. What will be the total amount of the investment after 10 years?

Reference no: EM131972470

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