Answer:
As the principal, interest rate, and compound periods increase, so does the future value of an investment. It doesn't matter if you are just putting some money into short-term, low rate savings accounts or CDs or long-term, higher return investments, compound interest will work for your benefit if you allow it.
Step-by-step explanation:
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Answer:
$320
Step-by-step explanation:
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Answer:
Step-by-step explanation: 500/2.50 = 200 so he will need to sell 200