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    Financial and Managerial Accounting Study Set 8
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    Exam 27: the Time Value of Money: Future Amounts and Present Values
  5. Question
    Sam Rivers Has $3,000 to Invest
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Sam Rivers Has $3,000 to Invest

Question 40

Question 40

Essay

Sam Rivers has $3,000 to invest.He must decide whether to invest this money for five years at 10% compounded semi-annually or at 12% compounded annually.Which option should he select?

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