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problem1: What is the difference in the future value of $10,000 in 5 years if it is invested at 7 percent simple interest or invested at 7 percent compounded semiannually? 

[A] $6,171.51

[B] $605.88

[C] $525.52

[D] No Difference

problem2: The future value of a $20,000 investment at the end of 7 years, suppose 9% simple interest, is: 

[A] $10,940

[B] $184,008

[C] $36,560

[D] $32,600

Cost Accounting, Accounting

  • Category:- Cost Accounting
  • Reference No.:- M922941

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