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Yvnz4612

Business Finance

Description

Leslie masala, who recently sold her Porsche, place 10,000 in a savings account pain and annual compound interest of 6%. 

Suppose Leslie moves her money into an account that pays 8% or one that pays 10%. how much will she have after 1,5 and 15 years

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Explanation & Answer

After 1 year =10000*(1.06)1 =10,600

After 5 years =10000*(1.06)5 =13382.26

After 15 years =10000*(1.06)15 =23965.58



Anonymous
Awesome! Perfect study aid.

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