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ou receive $30,000 in cash, in 25 years how much would you have if you place $15,000 of that in a fixed rate investment eating 7% compounded annually?...
If you receive $30,000 in cash, in 25 years how much would you have if you place $15,000 of that in a fixed rate investment eating 7% compounded annually? Would the value be larger or smaller if the compounding period were 6 months? How much more or less would you have earned if the period was 6 months?