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If Steve invests $5,000 in an interest bearing security paying 10% per year for 5 years, what will his investment be worth at the end of 5 years: a. if the security pays simple interest? b. if the security pays interest compounded annually? c. How much simple interest is earned over the life of the investment? d. How much compound interest is earned over the life of the investment?

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Financial Management, Finance

Category:- Financial Management
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