BRAINTEASER

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If you invest $1,000 in year 1 and leave it alone for 50 years and earn 15% per year, then:

 

How much money will you have at the end of the 50 years?

 

How much of the ending amount is due to the Principal?

 

How much of the ending amount is due to Simple Interest?

 

How much of the ending amount is due to Interest on Interest?

 

How much of the ending amount is due to Compound Interest?

 

What amount amazes you the most?




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