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Problem Set II
Essay specific features
Written by:
Lamar V
Date added:
October 4, 2016
Level:
University
Grade:
A
No of pages / words:
6 / 1586
Was viewed:
3488 times
Rating of current essay:
Essay content:
Assuming you could earn 11 percent annually, which alternative
should you choose? If you could earn 12 percent annually, would you still
choose the same alternative?
Answer:
Option 1
$10,000 now with a 11% interest.
$10,000 x 11% = $11,100(10,000 + 1,100)
1,100 x 8 yrs = $8,800 + $10,000 = $18,800
$10,000 now with a 12% interest...
displayed 300 characters
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Assuming you could earn 11 percent annually, which alternative
should you choose? If you could earn 12 percent annually, would you still
choose the same alternative?
Answer:
Option 1
$10,000 now with a 11% interest.
$10,000 x 11% = $11,100(10,000 + 1,100)
1,100 x 8 yrs = $8,800 + $10,000 = $18,800
$10,000 now with a 12% interest...
displayed 300 characters
General issues of this essay:
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