Chris Spear invested $15,000 today in a fund that earns 8% compounded annually. To what amount will

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Chris Spear invested $15,000 today in a fund that earns 8% compounded annually. To what amount will the investment grow in 3 years? To what amount would the investment grow in 3 years if the fund earns 8% annual interest compounded semiannually?

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Intermediate Accounting

ISBN: 978-0470587287

14th Edition

Authors: kieso, weygandt and warfield.

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Question Posted: Oct 11, 2011 09:05 AM

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Chris Spear invested $15,000 today in a fund that earns 8% compounded annually. To what amount will

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8 annual interest n 3 FV 15000 FVF 3 8 FV 15000 125971 FV 18896 8 ann...View the full answer

Intermediate Accounting

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