The text discusses the topic of compounding over a large number of compounding periods
To illustrate, it shows that $1,000 invested at 8% for 40 years (annual compounding) grows to $21,724. But if you could earn 10% instead of 8%, you would earn ________ more at the end of 40 years.
A)
$4,431
B)
25 percent
C)
$23,535
D)
$1,250
C
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