Solution-How much of this will be interest earned

How much of this will be interest earned

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Question - The interest rate for an investment under $5000 is 6.75%, compounded monthly.

a) If $2500 is invested for 2 years, how much will the investment be worth when it matures?

b) How much of this will be interest earned?

Reference no: EM132875451

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How much of this will be interest earned

Reference no: EM132875451

Reference no: EM132875451

Questions Cloud

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Accounting Basics Questions & Answers

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Coures:- fundamental accounting principles

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Theory of interest - term structure of interest rates

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Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

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