If interest is compounded at 15 per year how long ie the, Ask an Expert

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If interest is compounded at 15% per year, how long (i.e., the number of year-long periods) will it take for $50,000 to accumulate to $66,125? Hint: you can check your work using the FV function in Excel with the annual payment set to zero, since we are leaving the investment alone and not adding to it.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91520236

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