EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN: 9781337514835
Author: MOYER
Publisher: CENGAGE LEARNING - CONSIGNMENT
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If you invest $5,000 at an annual compound
interest rate of 6% for 2 years, what will be the final
amount? (Round to nearest dollar) a) $5,618 b)
$5,300 c) $5,612 d) $5,500
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Transcribed Image Text:If you invest $5,000 at an annual compound interest rate of 6% for 2 years, what will be the final amount? (Round to nearest dollar) a) $5,618 b) $5,300 c) $5,612 d) $5,500
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