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can somonee verify my wok ans make sure it follows the rules If you invest...

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Accounting

can somonee verify my wok ans make sure it follows the rules If you invest $1000 for 5 years would it be better to get 10% interest per year or 2.5% interest a quarter? Show how much each investment will return at the end of the 5 years
Given: $1000 for 5 years
10% interest per year or 2.5% interest a quarter
Find: Show how much each investment will return at the end of the 5 years
Solution: Option two
\table[[i,N,PMT,PV,FV,Solve for,Answer,Formula],[2.50%,5 Years,-,$1,000,-,FV,$1,610.51,FV=PV**(1+rn)n+1
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