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Augustus1 Augustus1
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7 years ago
Rich, an individual investor, lives in a land of no taxation and earns $10,000 of salary. He invests this amount in a bond that pays interest of 4% per year and holds the bond for 5 years, reinvesting the interest annually at the same 4% return. At the end of 5 years the $10,000 original investment accumulates to
A) $10,400.
B) $12,625.
C) $12,763.
D) $12,167.
Textbook 
Prentice Hall's Federal Taxation: 2011: Individuals

Prentice Hall's Federal Taxation: 2011: Individuals


Edition: 14th
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We do not judge the people we love.

Prentice Hall's Federal Taxation by Kramer
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Yoko900Yoko900
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7 years ago
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Augustus1 Author
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#2
7 years ago
Your explanation helped, amazing amazing!
We do not judge the people we love.

Prentice Hall's Federal Taxation by Kramer
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