Why is the amount of interest earned in part a less than, Finance Basics

Why is the amount of interest earned in part a less than

Calculate the future value of $8,000 in

A. Three years at an interest rate of 6% per year.

B. Six years at an interest rate of 6% per year

C. Three years at an interest rate of 12% per year

D. Why is the amount of interest earned in part (a) less than half the amount of interest earned in part (b)?

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Finance Basics: Why is the amount of interest earned in part a less than

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Finance Basics: Why is the amount of interest earned in part a less than

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Recent Questions Asked Finance Basics

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Finance Basics: Why is the amount of interest earned in part a less than

Reference No:- TGS0596681

Recent Questions Asked Finance Basics

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