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Assume that you make the following investments You invest a lump sum of $ 8,750 for five years at 12% interest What is the investment’s value at the end of five years In a different account

Assume that you make the following investments: a. You invest a lump sum of $ 8,750 for five years at 12% interest. What is the investment’s value at the end of five years? b. In a different account earning 12% interest, you invest $ 1,750 at the end of each year for five years. What is the investment’s value at the end of five years? c. What general rule of thumb explains the difference in the investments’ future values?

Apr 02 2020 View more View Less

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