Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 6MC: You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years....
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If you invest $3000 dollars in an account which will pay you 6% annually, if you never touch the money, how much money will you have in ten years? If you invest $3000 dollars in an account which will pay you 12% annually, how much money will you have in ten years?
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