Future Value - Questions
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Question 1
11418
How much more interest is earned on \(\$ 50,000\) if interest at \({\rm{8\% p}}{\rm{.a}}{\rm{. }}\) is compounded quarterly over \(5\) years, rather than simple interest of \(8\%\) over the same time?
\(\$ 4297.32\)
\(\$ 4097.32\)
\(\$ 4197.32\)
\(\$ 3997.32\)
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