To what amount will the following investments accumulate? a. $ 5,000 invested for 10 years at 10
Question:
a. $ 5,000 invested for 10 years at 10 percent compounded annually
b. $ 8,000 invested for 7 years at 8 percent compounded annually
c. $ 775 invested for 12 years at 12 percent compounded annually
d. $ 21,000 invested for 5 years at 5 percent compounded annually
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a FV n PV 1 r n FV 10 50001 010 10 FV 10 5000 2594 FV 10 ...View the full answer
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Mugdha Sisodiya
My self Mugdha Sisodiya from Chhattisgarh India. I have completed my Bachelors degree in 2015 and My Master in Commerce degree in 2016. I am having expertise in Management, Cost and Finance Accounts. Further I have completed my Chartered Accountant and working as a Professional.
Since 2012 I am providing home tutions.
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Related Book For 
Foundations of Finance The Logic and Practice of Financial Management
ISBN: 978-0132994873
8th edition
Authors: Arthur J. Keown, John D. Martin, J. William Petty
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