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Economics - Financial Markets
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OpenStudy (anonymous):
Economics Help Please, Thanks. https://s.yimg.com/hd/answers/i/7f6d1a706a2f49e9b8d83e6ee9f6203e_A.jpeg?a=answers&mr=0&x=1397973859&s=1a90962705021edac60282f025721e0a According to the table, after 12 years, how much money would the $100.00 be worth? From looking at the table, explain the concept of compound interest. According to the table, if the interest rate on this account were 10 percent, how much money would you have in the account at the end of the first year? According to the table, if you added $50.00 to this account every year, what effect would it have on the interest rate that you earned? According to the table, after ten years, how much would the $100.00 be worth?
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