Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Question
Your grandparents just gave you a gift of $3,000. You are investing this money for 10 years at 3 percent simple interest. How much money will you have at the end of the 6 years? MUST SHOW FULL WORK (NO EXCELL)
a.
$3,270
b.
$3,900
c.
$4,032
d.
$3.090
e.
$3,540
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