Solution-Receiving simple interest for the same time period

Receiving simple interest for the same time period

Reference no: EM132785155

Assume that you deposit $1,000 at a compound interest rate of 8% for 2 years. How much additional interest will you earn as compared to receiving simple interest for the same time period?

Reference no: EM132785155

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Receiving simple interest for the same time period

Reference no: EM132785155

Reference no: EM132785155

Questions Cloud

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Finance Basics Questions & Answers

Financial reporting and analysis

A report on financial accounting

Describe the types of financial ratios

Differences between sole proprietorship and corporation

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What are the implied interest rates

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Effect of financial leverage

Evaluate the basis for the payment to the lender

Importance of opps, ipps, mpfs and dmepos

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