Yesterday, you went out for dinner to your local Chinese restaurant. The fortune cookie that you...
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Yesterday, you went out for dinner to your local Chinese restaurant. The fortune cookie that you got said that in exactly two years you will receive a twenty thousand dollar gift. You immediately took out your financial calculator and started doing math... You have access to an account that pays a 6.80 percent annual rate of return. You can invest that large sum of money in that account for, say, six years to save up for future house purchase. According to your calculator, eight years from now you will have $_ in that account. (Do not round intermediate calculations. Only round your final answer to 2 decimal places. E.g., type 12.34 if your answer is "12 dollars and 34 cents".) Future value Yesterday, you went out for dinner to your local Chinese restaurant. The fortune cookie that you got said that in exactly two years you will receive a twenty thousand dollar gift. You immediately took out your financial calculator and started doing math... You have access to an account that pays a 6.80 percent annual rate of return. You can invest that large sum of money in that account for, say, six years to save up for future house purchase. According to your calculator, eight years from now you will have $_ in that account. (Do not round intermediate calculations. Only round your final answer to 2 decimal places. E.g., type 12.34 if your answer is "12 dollars and 34 cents".) Future value
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Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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