Assuming an interest rate of 12%, if you invest a lump sum of $5,000 now, the balance
Fantastic news! We've Found the answer you've been seeking!
Question:
- Assuming an interest rate of 12%, if you invest a lump sum of $5,000 now, the balance of your investment in 7 years will be closest to :
- a. $11,055.
- b. $35,000.
- c. $22,820.
- d. $2,260.
Related Book For
Personal Financial Planning
ISBN: 9780357438480
15th Edition
Authors: Randy Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Posted Date: