Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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How much more would you earn in the first investment than in the second investment?
$51,000 invested for 30 years at 10% compounded annually
$51,000 invested for 30 years at 5% compounded monthly
Click the icon to view some finance formulas.
You would earn $ more on the first investment than in the second investment.
(Round to the nearest dollar as needed.)
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Transcribed Image Text:How much more would you earn in the first investment than in the second investment? $51,000 invested for 30 years at 10% compounded annually $51,000 invested for 30 years at 5% compounded monthly Click the icon to view some finance formulas. You would earn $ more on the first investment than in the second investment. (Round to the nearest dollar as needed.)
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