How much additional money will they have eight years from now if they can earn 9 percent rather than 7 percent on this money?

Published by admin at October 18, 2023

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How much additional money will they have eight years from now if they can earn 9 percent rather than 7 percent on this money? A. $58,829.69 b. $86,991.91 c. $118,009.42 d. $126,745.19 e. $137,188.23 Which of the following statements concerning the effective annual rate are correct? I. When making financial decisions, you should compare effective annual rates rather than annual percentage rates.

How much additional money will they have eight years from now if they can earn 9 percent rather than 7 percent on this money?

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