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If you invested $10,000 at 5% simple interest for 10 years, you would receive $500 in interest every year, for a total of $5,000 in earned interest at the end of year 10. This would make your total of ...
What these two processes share is baked into the math of each. In fact, in that respect, they're nearly identical. They both involve some stuff (atoms or money) that is either growing or shrinking.
Jason Fernando is a professional investor and writer who enjoys tackling and communicating complex business and financial problems. Charlene Rhinehart is a CPA , CFE, chair of an Illinois CPA Society ...
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Finance Strategists on MSNRule of 70
What Is the Rule of 70? The rule of 70 determines the number of years it takes for a variable to double. The calculation is ...
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