If you invest $15,000 today, how much will you have in each of the following instances? Use
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Question:
If you invest $15,000 today, how much will you have in each of the following instances? Use Appendix A as an approximate answer, but calculate your final answer using the formula and financial calculator methods.
- In 6 years at 8 percent?
Note: Do not round intermediate calculations. Round your final answer to 2 decimal places.
- In 17 years at 9 percent?
Note: Do not round intermediate calculations. Round your final answer to 2 decimal places.
- In 15 years at 8 percent?
Note: Do not round intermediate calculations. Round your final answer to 2 decimal places.
- In 14 years at 8 percent (compounded semiannually)?
Note: Do not round intermediate calculations. Round your final answer to 2 decimal places.
Related Book For
Fundamentals of corporate finance
ISBN: 978-0470876442
2nd Edition
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
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